(Editors' Note: Air Canada also trades on the Toronto exchange, under symbols AC.A and AC.B, with combined average daily volume of C$42 million.)
Over the past several months, we have profiled several airlines, both domestic and foreign, with our thesis based in large part on the significant changes that have taken place in the industry over the past several years. The airline industry of today is not what it once was, with bankruptcy and consolidation having meaningfully reshaped the industry. Our analysis of the airline industry has included airlines here in the United States, Germany [Lufthansa (OTCQX:DLAKY)], and Mexico [Volaris (VLRS)]. But today, we wish to travel to Canada, our friends to the north, and highlight...
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