Added to YB: 2026-08-31
Pitch date: 2026-08-28
AC.TO [bullish]
Air Canada
Author Info
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Company Info
Air Canada provides domestic, U.S. transborder, and international airline services. It provides scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names in the Canadian market, the Canada-U.
Market Cap
CAD 7.8B
Pitch Price
N/A
Price Target
29.00 (+3%)
Dividend
N/A
EV/EBITDA
5.48
P/E
18.84
EV/Sales
0.57
Sector
Passenger Airlines
Category
special_situation
Special Situation Series: Air Canada
AC.TO: Air Canada’s C$800M modified Dutch-auction tender offers about 4.5% upside from C$27.75 to the C$29 minimum price in roughly one month, though odd-lot priority makes the trade difficult to scale. The Aeroplan stake sale funds the bid and implies a $10B loyalty-program valuation versus Air Canada’s C$7.8B market cap. Risks include withdrawal or amended terms, proration and potentially adverse deemed-dividend tax treatment.
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