Better Airline Buy: Air Canada Stock Vs. Cargojet
Better Airline Buy: Air Canada Stock Vs. Cargojet
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The airline industry has been facing considerable turbulence ever since the pandemic began and the 2020 stock market crash took hold. The recovery since the 2020 meltdown has certainly not been felt evenly, with some airline stocks flying higher while others struggled to lift off the tarmac. Indeed, shares of Air Canada (TSX:AC) found themselves in the latter category.
自从疫情爆发和2020年股市崩盘以来,航空业一直面临着相当大的动荡。自2020年崩溃以来的复苏显然没有均等地感受到,有些航空股票飞得更高,而其他股票则难以起飞。的确,加拿大航空公司(TSX:AC)的股票属于后者。
Despite management's efforts, the internationally focused Canadian airline has really had a tough time sustaining gains amid turbulence. Here we are, years after the great reopening from COVID, and AC stock has still been "dead money," so to speak. But with summer travel season getting hot, questions linger as to whether AC stock is now a timely play or if it's one that should be left alone as the shares continue to fail to launch.
尽管管理层不遗余力,这家以国际市场为重点的加拿大航空公司在动荡中真的很难维持增长。在经历了COVID的“大复苏”数年后,AC股票仍然是“死钱”,可以这么说。但是随着夏季旅游热度上升,AC股票现在是及时的投资还是应该被忽略而不断失去投资者还需商榷。
Though the airline scene still faces many headwinds, the cargo airline scene continues to be lucrative, especially as consumers start spending more heavily again. Undoubtedly, cargo airlines may very well be a better bet right here, given the consumer's resilient state and the implications of coming rate cuts.
尽管航空领域仍面临许多困难,但货运航空领域仍然非常赚钱,特别是随着消费者再次开始大量消费。毫无疑问,鉴于消费者的韧性和即将到来的利率削减的影响,货运航空公司可能是更好的选择。
More rate cuts could mean more money in consumers' pockets to splurge on goods online that need to be shipped overnight. In any case, let's have a closer look at the two airline plays to determine the better bet for the next three to five years.
更多的利率削减可能意味着更多的消费者资金用于在线商品上的消费,这些商品需要在夜间运输。无论如何,让我们更仔细地观察这两种航空股票,以判断未来三至五年的更好选择。
Air Canada
加拿大航空公司
The troubled airline is down around 7% year to date, putting it off more than 66% from its 2020 all-time highs. Indeed, the stock has not gone anywhere fast, and with shares fresh off a brutal past-year slide, investors may be inclined to view the name as more of a value trap. Indeed, there are so many U.S. airlines that are in a better spot right now. But is it worth it to switch airline stocks at this pivotal moment?
这家陷入困境的航空公司全年下跌约7%,距离其2020年的历史最高水平下跌了超过66%。的确,该股票没有飞行,而且现在还有很多美国航空公司的情况更好。但是,在这个关键时刻更换航空股票是否值得?
I think sticking with AC stock could prove wise, especially as the firm does its best to increase flight capacity and expand upon routes. We're not just talking about adding new domestic flights, either. Air Canada could benefit greatly from the extension of a summer-fall travel boom as it seeks to add more flights to popular summer destinations like Florida.
我认为坚持AC股票可能会证明明智,特别是因为该公司正在尽力增加飞行能力和扩大路线。我们不仅讨论添加新的国内航班,而且加拿大航空公司还可以受益于夏季旅游热点的延伸,例如寻求向佛罗里达等热门目的地增加更多航班。
Though traveller demand could fluctuate wildly heading into the fall, I certainly wouldn't bet against AC stock right here. It may have quite a bit of short interest, but betting against the name could prove disastrous if the firm can move past temporary headwinds (think labour disputes) while continuing to improve operating efficiencies. All considered, AC stock is a good value, but only if you're willing to play the long-term game.
虽然旅客需求可能在秋季波动,但我肯定不会在这里赌AC股票。如果公司能够克服暂时的风险(考虑劳资纠纷),同时继续提高运营效率,持有该股票可能会有好的回报。总体而言,AC股票是一种不错的投资,但前提是你愿意玩长期游戏。
Cargojet
Cargojet
Cargojet (TSX:CJT) stock has been under pressure but for vastly different reasons. Consumers have been feeling pains amid inflation, but with prices potentially on the backtrack, perhaps CJT stock may have a chance to soar again.
Cargojet (TSX:CJT)股票一直承受着压力,但原因截然不同。消费者在通货膨胀中感到痛苦,但随着价格有可能回落,CJt股票可能有机会再次飞升。
Like Air Canada, Cargojet has prioritized cost and air fleet management amid challenging times. Though management can't control consumer spending patterns, they can prepare for better times while taking steps to navigate a rough patch of headwinds more effectively. Though it's hard to tell when consumers will spend more online, I view CJT stock as undervalued at 27 times forward price to earnings (P/E). I don't think it will take long for e-commerce to bounce back, and with that, overnight cargo shipping.
与加拿大航空公司一样,Cargojet在这个具有挑战性的时期中优先考虑了成本和航空机队管理。尽管管理层无法控制消费者的支出模式,但他们可以为更好的时期做好准备,同时采取措施更有效地应对困难的创伤。尽管很难预测何时消费者会在网上花费更多的钱,但我认为CJt股票的未来市盈率只有27倍,被低估了。我不认为电子商务会花费很长时间就会反弹,并伴随着夜间快递也会反弹。
Bottom line
最后了结
Between AC and CJT, I'd have to go with the latter. It's a growth-driven business that can win big once consumers feel better about the economy and inflation again.
在AC和CJt之间,我必须选择后者。这是一个增长驱动的业务,一旦消费者再次对经济和通货膨胀感到更好,它就可以获得巨大的收益。
The post Better Airline Buy: Air Canada Stock vs. Cargojet appeared first on The Motley Fool Canada.
更好的航空股票买入:加拿大航空公司股票与Cargojet股票,来自The Motley Fool Canada。