Air Canada Experiences Decline in Sales and Profit After Flight Attendant Strike
Written by Emily J. Thompson, Senior Investment Analyst
Source: WSJ
Air Canada Financial Performance: Air Canada reported a 5% decline in revenue, totaling 5.77 billion Canadian dollars (approximately $4.1 billion U.S. dollars).
Impact of Strike: The company's financial results were negatively affected by a strike that occurred in August.
Analyst Expectations: Analysts had predicted revenue to be higher, estimating it at C$5.83 billion.
Profit Decline: Alongside revenue, the company's profit also decreased, reflecting the challenges faced during the strike period.
Analyst Views on FDS
Wall Street analysts forecast FDS stock price to rise over the next 12 months. According to Wall Street analysts, the average 1-year price target for FDS is 337.92 USD with a low forecast of 282.00 USD and a high forecast of 462.00 USD. However, analyst price targets are subjective and often lag stock prices, so investors should focus on the objective reasons behind analyst rating changes, which better reflect the company's fundamentals.
15 Analyst Rating
1 Buy
9 Hold
5 Sell
Moderate Sell
Current: 289.680
Low
282.00
Averages
337.92
High
462.00
Current: 289.680
Low
282.00
Averages
337.92
High
462.00
About FDS
FactSet Research Systems Inc. is a global financial digital platform and enterprise solutions provider. The Company's solutions deliver financial data, analytics, and open technology to global clients, including individual users. Its segments include the Americas, EMEA and Asia Pacific. It provides financial data and market intelligence on securities, companies, industries and people to enable its clients to research investment ideas and analyze, monitor and manage their portfolios. It supports various workflows, including investment research, quantitative research, portfolio management and trading, portfolio analytics, wealth management, ESG investing solutions, industry analysis and data solutions. It provides open and flexible technology offerings, including a configurable desktop and mobile platform, and comprehensive data feeds. Its technology also includes LogoIntern, a workflow tool to streamline the task of adding, organizing, and formatting logos into pitch decks.
About the author
Emily J. Thompson
Emily J. Thompson, a Chartered Financial Analyst (CFA) with 12 years in investment research, graduated with honors from the Wharton School. Specializing in industrial and technology stocks, she provides in-depth analysis for Intellectia’s earnings and market brief reports.
