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If You'd Invested $1,000 in Air Canada Stock 5 Years Ago, This Is How Much You'd Have Now

If You'd Invested $1,000 in Air Canada Stock 5 Years Ago, This Is How Much You'd Have Now

如果你在5年前投资了1000美元在AIR CANADA股票上,现在你将拥有这么多。
The Motley Fool ·  2024/12/18 12:30

Five years ago, if you had invested $1,000 in Air Canada (TSX:AC), it might have seemed like a solid bet. The airline industry was soaring, and Air Canada stock was one of the top players in the Canadian market. In December 2019, Air Canada's stock price was around $50, which would have gotten you 20 shares. At the time, the airline was enjoying strong passenger demand, expanding its international routes, and modernizing its fleet.

五年前,如果你投资了1000美元在AIR CANADA(TSX:AC),这似乎是一个稳健的选择。航空行业正处于飞速发展期,而AIR CANADA的股票是加拿大市场上顶尖的参与者之一。在2019年12月,AIR CANADA的股票价格约为50美元,这样你可以获得20股。当时,这家航空公司享受着强劲的乘客需求,正在扩展其国际航线,并现代化其机队。

Fast forward to today, and those 20 shares would be worth approximately $25 each, leaving you with a total investment value of about $500. This 50% drop reflects the rollercoaster ride the airline has endured, much of it driven by the global upheaval brought on by the COVID-19 pandemic.

快进到今天,这20股的价值大约为25美元,让你的总投资价值约为500美元。这一50%的下跌反映了航空公司经历的过山车历程,其中很大一部分是由于COVID-19疫情带来的全球动荡。

What happened?

发生了什么?

The pandemic hit the aviation industry like a massive air pocket, sending it into a free fall. Air Canada stock saw demand for flights evaporate almost overnight as governments around the world imposed strict travel restrictions. The airline had to ground large portions of its fleet, cut staff, and secure financial assistance to stay afloat. Its stock price plummeted during this period, reflecting the grim outlook for the sector. Recovery has been slow, and while passenger demand has bounced back, the scars of those turbulent years are still evident in the company's financials and stock performance.

疫情像一个巨大的气流口袭击了航空行业,将其推入自由落体。AIR CANADA的股票几乎在一夜之间,航班需求就消失了,因为全球各国政府实施了严格的旅行限制。这家航空公司不得不停飞大部分机队,裁减员工,并获得财政援助以维持生存。在这一期间,其股票价格暴跌,反映了该板块的阴暗前景。恢复缓慢,尽管乘客需求有所回升,但那些动荡年份的伤痕在公司的财务和股票表现中仍然明显可见。

Looking at the present, Air Canada stock has made significant strides to recover and rebuild. Its recent earnings reports highlight the airline's resilience. In the third quarter of 2024, Air Canada reported $6.1 billion in revenue and an operating income of $1.04 billion. Although quarterly revenue declined slightly year over year, profitability improved significantly. It reported adjusted earnings before interest, taxes, depreciation, and amortization (EBITDA) of $1.52 billion. This marks a $307 million drop from the same period last year.

从现在来看,AIR CANADA的股票已经取得了重大进展,以实现复苏和重建。其最近的财报突显了航空公司的韧性。在2024年第三季度,AIR CANADA报告的营业收入为61亿,营业收入为10.4亿。尽管季度营业收入同比略有下降,但盈利能力显著改善。它报告的息税折旧摊销前利润(EBITDA)为15.2亿。这比去年同期下降了30700万。

In its second-quarter results for 2024, Air Canada stock reported operating revenues exceeding $5.5 billion and a robust load factor, meaning planes were flying with fewer empty seats. The airline noted particularly strong demand for international travel. This is an encouraging sign for its future growth prospects. These results align with the airline's forecast for the year; Air Canada anticipates adjusted EBITDA of about $3.5 billion — a testament to its gradual return to pre-pandemic operational efficiency.

在2024年第二季度的业绩中,AIR CANADA的股票报告的营业收入超过55亿,载客率强劲,这意味着飞机的空座率较少。航空公司指出国际旅行的需求特别强劲。这是对其未来增长前景的一个鼓舞人心的迹象。这些结果与航空公司对本年度的预测相符;AIR CANADA预计调整后的EBITDA约为35亿——这证明了其逐渐恢复到疫情前的运营效率。

Government drop

政府减持

One of the more intriguing recent developments for Air Canada stock is the Canadian government's decision to sell part of its stake in the airline. This move, while reducing the government's direct involvement, signals confidence in the airline's ability to stand on its own. For investors, this could be seen as a double-edged sword. On the one hand, reduced government intervention may allow Air Canada stock more operational freedom. On the other hand, it means the airline loses a potentially stabilizing shareholder in times of crisis.

AIR CANADA股票的一个最新而引人注目的发展是,加拿大政府决定出售其在航空公司的部分股份。这一举措虽然减少了政府的直接参与,但表明对航空公司独立运作能力的信心。对于投资者来说,这可能被视为一把双刃剑。一方面,减少政府干预可能使AIR CANADA的股票获得更多的运营自由。另一方面,这意味着航空公司在危机时期失去了一个潜在的稳定股东。

Air Canada stock's future hinges on several key factors, including fuel prices, geopolitical events, and the ongoing recovery of global travel. On the positive side, the airline is expanding its route network, particularly to Asia-Pacific destinations, where demand for air travel is expected to grow significantly. Its focus on international routes suggests a calculated strategy to tap into lucrative markets that were slower to reopen post-pandemic but now show promising signs of growth.

加拿大航空股票的未来取决于几个关键因素,包括燃油价格、地缘政治事件以及全球旅游的持续恢复。正面来看,航空公司正在扩展其航线网络,特别是针对亚洲-太平洋地区的目的地,预计对航空旅行的需求将显著增长。其对国际航线的关注表明,航空公司采取了一种精心策划的策略,以进入那些在疫情后重新开放较慢但现在显示出良好增长前景的利润丰厚市场。

Despite these positive signals, there are risks. The airline industry is notoriously cyclical and sensitive to external shocks. Fuel price volatility, fluctuating exchange rates, and potential economic slowdowns could all impact Air Canada stock's profitability. Furthermore, the airline's debt levels remain high, with a total debt-to-equity ratio of 400%. While manageable for now, this level of leverage limits flexibility in navigating future challenges.

尽管这些信号都是正面的,但仍然存在风险。航空业以周期性著称,并对外部冲击极为敏感。燃油价格波动、汇率波动以及潜在的经济放缓都可能影响加拿大航空股票的盈利能力。此外,航空公司的债务水平仍然很高,总债务与股本比率为400%。虽然目前可以管理,但这种杠杆水平限制了在应对未来挑战时的灵活性。

Bottom line

底线

For investors considering Air Canada stock today, the question is whether the current price represents a bargain or a trap. At around $25 per share, the stock trades at a forward price-to-earnings ratio of approximately 9.4. This suggests that investors expect earnings to improve in the coming years, but it also reflects caution given the industry's history of volatility. The airline's improving financial health and a renewed focus on growth are encouraging. Yet potential investors should be prepared for turbulence, as the path ahead is unlikely to be entirely smooth.

对于那些今天考虑投资加拿大航空股票的投资者来说,问题在于当前价格是否代表着一个便宜的机会还是一个陷阱。在每股约25美元的价格下,这只股票的前瞻市盈率约为9.4。这表明投资者预计未来几年盈利会改善,但也反映出对行业波动历史的谨慎。航空公司改善的财务健康状况和重新关注增长的策略令人鼓舞。然而,潜在投资者应该做好准备迎接波动,因为前方的道路不太可能完全平坦。

声明:本内容仅用作提供资讯及教育之目的,不构成对任何特定投资或投资策略的推荐或认可。 更多信息
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