Passport, Airport Chaos Could Extend Travel Recovery, Benefit Air Canada: Analyst

While lines at passport centres and chaos at Canadian airports may be bad for travel recovery now, analyst Konark Gupta of Scotiabank says they could actually “extend the recovery timeline” for Air Canada.

As reported by BNN Bloomberg, Gupta added that these current travel issues could provide Air Canada with a “recession hedge” as the airline’s stock prices trade at 2020 levels despite the return of travel. Gupta also noted that continued air demand, as well as rising immigration levels, could further benefit the airline.

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