Political Instability

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Presentation transcript:

Political Instability Risks External Energy Costs Environment Political Instability Regulation Internal Union Relations Pension Financial Health Corporate Culture

Dual Class Voting Shares Ownership Structure Dual Class Voting Shares 75% Class B (Canadian Owned) Air Canada Public Participation Act Canada Transportation Act (CTA) 25% Class A (International)

Financial Performance

Share Performance

Share Performance

Recommendation – Don’t Buy Cons Unproven Success Pension Liability Labor Relations Pollution Energy Costs Pros Canadian Control Government Bailout Starting to be Profitable