Air Canada (AC.TO) Stock Heavily Recuparaiting After Sharp Plummets

If we look at the graph for the months, we can see that the stock gradually declined from Can$27.40 to Can$25.19 from June 23 to June 28. After that, the share price has volatilized, and the stock fluctuates at around Can$26.95. The sharp decrease of Air Canada was equaled at Can$23.33 on July 19 and inversely recovered to almost Can$25.72The financial figures for the second quarter of 2021 were released today by Air Canada. Operating sales increased by $310 million, or 59 percent, from the second quarter of 2020 to $837 million. According to independent U.K. publication Skytrax, Air Canada is the only international network airline in North America to obtain a Four-Star rating. It is the national airline of Canada and a founding member of Star Alliance, the world’s largest air transportation alliance.

In the second quarter, the COVID-19 pandemic continued to impose strain on Air Canada and the Canadian airline sector, and its impact on traffic was reflected in results. Our staff was always focused on taking care of our clients, securely getting them to their destinations, and maintaining our company’s proper management. In this challenging and trying climate, I applaud them for their continual attention, innovation, and hard work, said Michael Russo, president, and CEO of Air Canada.

Jack Dawkins

Finance and Tech Contributor

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