CEO Michael Rousseau says Air Canada's latest results are compared against a unique year in 2023, marked by a 'rapid post-pandemic surge in demand.'
Air Canada planes sit on the tarmac at Pearson International Airport Toronto on Wednesday, April 28, 2021. THE CANADIAN PRESS/ Nathan Denette ) shares fell in early trading on Wednesday, as the airline’s chief executive officer told investors he’s not happy with the stock's low-flying price.
“We're disappointed with our stock price performance year-to-date, especially coming off our record 2023, and having completely repaired the balance sheet,” Michael Rousseau told analysts on a post-earnings conference call. “We also know that most local airline stocks are having similar challenges.”Rousseau says Air Canada's latest results are compared against a unique year in 2023, marked by a “rapid post-pandemic surge in demand.
“Some have criticized the cost of travel in Canada,” he added. “To do so selectively, without comparing . . . other jurisdictions, is not only completely misleading and simplistic, but frankly disconcerting.”PayPoint plc : Director/PDMR Shareholding North America Video on Demand Report 2024: Market Size Value 2019-2023 and Forecast to 2028 Featuring Netflix, Amazon.com, The Walt Disney Co, and Warner Bros. Discovery
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Michael Rousseau Chief Executive Officer Nathan Denette
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