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Investing.com - BMO Capital has reiterated its Outperform rating and Cdn$29.00 price target on Air Canada (TSX:AC) (OTC:ACDVF) as the airline faces an ongoing flight attendant strike.
CUPE leadership has indicated that the strike of flight attendants at Air Canada would continue despite the union receiving two back-to-work orders, according to BMO Capital analyst notes.
The financial firm is waiting for further clarity on how the labour dispute could be resolved before adjusting its estimates for the airline.
BMO Capital estimates that if the strike were to end tomorrow, the financial impact could range between $280-315 million.
This potential financial impact represents approximately 20% of BMO’s 2025 EBIT (Earnings Before Interest and Taxes) estimate for Air Canada.
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