Air Canada: Target is to eliminate gap with US peers

摘要

AIR CANADA held a bullish investor day on February 28 that included much talk about network diversification, sixth freedom traffic, low-cost unit Rouge, fleet renewal, balance sheet strengthening and other successful strategies pursued in recent years. Senior executives announced lofty financial targets for the next three years and promised substantially lower capital spending and more aggressive share buybacks. They argued that continued delever-aging would make the business more resistant to economic downturns and, hopefully, result in investment-grade credit ratings.