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

AIR CANADA

(AC)
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Air Canada Partners With Shoppers Drug Mart on Covid-19 Testing for Travellers

11/27/2020 | 01:13pm EST

By Robb M. Stewart

Air Canada has teamed with Shoppers Drug Mart to offer customers in three provinces Covid-19 tests before they fly in order to comply with international travel requirements.

The airline on Friday said that eligible passengers can from Dec. 17 book and buy a test at participating Shoppers Drug Mart locations in Ontario, Alberta and British Colombia, with results typically available within 48 hours.

Many countries now require a pre-departure negative Covid-19 test. Canadians are eligible to be exempt from Hawaii's mandatory 14-day quarantine on arrival in the Hawaiian islands via a pre-travel testing process, Air Canada said.

A Covid-19 testing study by researchers at University of British Colombia and Providence Health Care launched Friday that will investigate a method of rapid testing for departing passengers at Vancouver International Airport.

The study, sponsored by WestJet Airlines Ltd. and Vancouver Airport Authority, seeks to take samples from adult WestJet customers who are residents of British Columbia and haven't tested positive for Covid-19 in the last 90 days. The study aims to determine whether a rapid screening program is a practical and effective way to reduce the spread of Covid-19 amongst travellers.

Write to Robb M. Stewart at robb.stewart@wsj.com

(END) Dow Jones Newswires

11-27-20 1312ET

Stocks mentioned in the article
ChangeLast1st jan.
AIR CANADA -2.21% 20.4 Delayed Quote.-8.39%
HAWAIIAN HOLDINGS, INC. 0.10% 20.24 Delayed Quote.14.35%
LOBLAW COMPANIES LIMITED 0.19% 64.06 Delayed Quote.1.99%
WESTJET AIRLINES LTD. 0.00%End-of-day quote.72.17%
All news about AIR CANADA
01/19AIR CANADA : to Present Fourth Quarter and Full Year 2020
AQ
01/18AIR CANADA : Transport Canada Clears 737 Max to Fly; Air Canada to Resume Max Op..
MT
01/18AIR CANADA : Canada to lift Boeing 737 MAX flight ban on January 20
RE
01/18AIR CANADA : Canada to lift Boeing 737 MAX flight ban on January 20
RE
01/18AIR CANADA : to Resume Boeing 737 MAX Commercial Operations February 1, 2021
PU
01/14New COVID-19 test rules create hurdles for tourist-heavy Caribbean
RE
01/14New COVID-19 test rules create logistical hurdles for the Caribbean
RE
01/14Air Transport Services Group, Air Canada Ink Sale-Leaseback Deal
MT
01/13Air Canada to cut jobs amid COVID-19 restrictions, aid talks stalled
RE
01/13AIR CANADA : to cut jobs amid COVID-19 restrictions, aid talks stalled
RE
More news
Financials
Sales 2020 5 867 M 4 612 M 4 612 M
Net income 2020 -4 036 M -3 173 M -3 173 M
Net Debt 2020 5 908 M 4 645 M 4 645 M
P/E ratio 2020 -1,47x
Yield 2020 -
Capitalization 6 829 M 5 374 M 5 369 M
EV / Sales 2020 2,17x
EV / Sales 2021 1,48x
Nbr of Employees 22 200
Free-Float 76,1%
Chart AIR CANADA
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Technical analysis trends AIR CANADA
Short TermMid-TermLong Term
TrendsBearishBullishBullish
Income Statement Evolution
Consensus
Sell
Buy
Mean consensus OUTPERFORM
Number of Analysts 18
Average target price 28,55 CAD
Last Close Price 20,40 CAD
Spread / Highest target 71,6%
Spread / Average Target 39,9%
Spread / Lowest Target 2,94%
EPS Revisions
Managers and Directors
NameTitle
Calin Rovinescu President, Chief Executive Officer & Director
Vagn Ove Sørensen Chairman
Michael Stewart Rousseau Chief Financial Officer & Deputy CEO
Catherine Dyer Chief Information Officer & Senior Vice President
Michael M. Green Independent Director
Sector and Competitors
1st jan.Capitalization (M$)
AIR CANADA-8.39%5 374
DELTA AIR LINES, INC.-2.21%24 974
RYANAIR HOLDINGS PLC-9.90%20 082
AIR CHINA LIMITED-11.64%14 020
UNITED CONTINENTAL HOLDINGS, INC.-4.62%12 864
CHINA SOUTHERN AIRLINES COMPANY LIMITED-8.44%12 012