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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Air Canada    AC   CA0089118776

AIR CANADA

(AC)
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Air Canada : New Air Canada Infinite Canada Flight Pass Offers Customers Unrivalled Flexibility and Certainty for Domestic Travel

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09/16/2020 | 11:01am EDT
  • Last minute bookings, free changes and no blackouts for up to three months

MONTREAL, Sept. 16, 2020 /CNW Telbec/ - Air Canada today introduced its new Infinite Canada Flight Pass, designed to give customers the ultimate in flexibility and certainty for booking travel within Canada. For one flat fee, pass holders will be able to book travel without blackout or booking restrictions, make changes or cancellations without penalty, and fly as often as desired for up to three months, depending on the duration of pass purchased.

"Air Canada recognizes that as air travel begins to return to normal customers want flexibility and certainty. Our new Infinite Canada Flight Pass provides both by enabling customers to easily book and change their travel plans without any blackout restrictions or change or cancellation fees, while locking in the price of their flights for up to three months with one flat fee. The pass also gives customers the option to choose which class of fare they desire -- Standard, Flex and Latitude -- and allows them to earn Altitude Qualifying Miles," said Lucie Guillemette, Executive Vice President and Chief Commercial Officer at Air Canada.

The Air Canada Infinite Canada Flight Pass will be available for purchase in Canada from September 16 to 23. Starting at a price of $2,000 per month (excluding taxes), passes are available for one, two or three months and customers can choose from three classes of service, Standard, Flex and Latitude. Features include:

  • Unlimited number of flights within Canada for one fixed price throughout the duration of the pass;
  • Customers are eligible to accumulate Altitude Qualifying Miles;
  • Travel can be booked up to one hour prior to the flight, with no blackout dates or booking restrictions;
  • No change or cancellation fees.

For more information please see  
https://www.aircanada.com/ca/en/aco/home/book/special-offers/flight-pass/infinite-canada.html

About Air Canada

Air Canada is Canada's largest domestic and international airline. Canada's flag carrier is among the 20 largest airlines in the world and in 2019 served over 51 million customers. Air Canada is a founding member of Star Alliance, the world's most comprehensive air transportation network. Air Canada is the only international network carrier in North America to receive a Four-Star ranking according to independent U.K. research firm Skytrax, which also named Air Canada the 2019 Best Airline in North America. For more information, please visit: aircanada.com/media, follow Air Canada on Twitter and LinkedIn, and join Air Canada on Facebook.                   

Internet: aircanada.com/media

Sign up for Air Canada news: aircanada.com

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SOURCE Air Canada

© Canada Newswire, source Canada Newswire English


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Financials
Sales 2020 6 899 M 5 222 M 5 222 M
Net income 2020 -4 080 M -3 088 M -3 088 M
Net Debt 2020 6 715 M 5 082 M 5 082 M
P/E ratio 2020 -1,23x
Yield 2020 -
Capitalization 5 041 M 3 815 M 3 816 M
EV / Sales 2020 1,70x
EV / Sales 2021 1,17x
Nbr of Employees 33 000
Free-Float 74,0%
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Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 23,06 CAD
Last Close Price 16,99 CAD
Spread / Highest target 106%
Spread / Average Target 35,7%
Spread / Lowest Target 0,06%
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Managers
NameTitle
Calin Rovinescu President, Chief Executive Officer & Director
Vagn Ove SÝrensen Chairman
Michael Stewart Rousseau Chief Financial Officer & Deputy CEO
Catherine Dyer Chief Information Officer & Senior Vice President
Michael M. Green Independent Director
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