Reported 12 months ago
Short sellers are focusing on Air Canada due to expectations of higher operational costs and reduced post-pandemic consumer demand. The airline's short interest as a percentage of float has risen to nearly 19%, indicating a belief among investors that the stock will face more pressure. Factors such as a slowing Canadian economy, potential pilot pay increases, and industry challenges are contributing to concerns. This comes amidst predictions of a challenging travel season for airlines due to limited aircraft availability, inflation, and geopolitical uncertainties impacting travel demand.
Source: YAHOO