Don’t Forget About Air Canada Stock! Here’s Why More Gains Could Be Coming

News Snapshot:

Air Canada stock has plunged to its low ahead of the third-quarter earnings. Does the airline have gains coming? The Russia-Ukraine war shifted investors’ attention to oil stocks. The supply shocks due to the ban on Russian oil spiked oil prices and made travel an expensive affair. To add to this, Russia banned Canadian flights from using Russian airspace. Air Canada saw a dip in its air passenger traffic to India, as it had to take a longer route for its flights to Asia Pacific. Despite these challenges, Air Canada (TSX:AC) saw a remarkable recovery in revenue, free cash flow,...