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Air Canada's (ACDVF) CEO Calin Rovinescu on Q1 2020 Results - Earnings Call Transcript

May 04, 2020 4:35 PM ETAir Canada (ACDVF), AC:CA1 Comment
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Air Canada (OTCQX:ACDVF) Q1 2020 Earnings Conference Call May 4, 2020 8:30 AM ET

Company Participants

Kathleen Murphy - IR and Corporate Reporting

Calin Rovinescu - President and CEO

Mike Rousseau - Deputy CEO and CFO

Lucie Guillemette - EVP and CCO

Craig Landry - EVP, Operations

Conference Call Participants

Tim James - TD Securities

Kevin Chiang - CIBC

Walter Spracklin - RBC Capital Markets

Konark Gupta - Macquarie

Hunter Keay - Wolfe Research

Doug Taylor - Canaccord Genuity

Chris Murray - AltaCorp Capital

Andrew Didora - Bank of America

Helane Becker - Cowen


Good morning, ladies and gentlemen. Welcome to Air Canada's First Quarter 2020 Conference Call.

I would now like to turn the meeting over to Kathleen Murphy. Please go ahead Ms. Murphy.

Kathleen Murphy

Thank you, Elaina. And good morning everyone and thank you for joining us on our first quarter call. With me this morning are Calin Rovinescu, our President and Chief Executive Officer; Mike Rousseau, our Deputy Chief Executive Officer and Chief Financial Officer; Lucie Guillemette, our Executive Vice President and Chief Commercial Officer; and Craig Landry, our Executive Vice President of Operations.

On today's call, Calin will begin by giving you an overview of impact of the COVID-19 pandemic on Air Canada, what we have been doing in response and how we view the future. Lucie will touch on travel demand, cargo, and loyalty. And Mike will provide you with visibility on current plans regarding burn rate, liquidity, and fleet before turning it back to Calin. Calin will then open it up to questions from every analyst.

Before we get started, please note that certain statements made on this call are forward looking within the meeting of applicable securities laws. This call also includes references to non-GAAP measure. Please refer to our first quarter press release

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Comments (1)

Darkest period in Air Canada history saids their chief executive, but somehow the stock price is %200 higher than 2016, the industry is decimated but we're all looking for a bailout to sustain the stock price??
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