Air Canada's stock took an unexpected nosedive in the wake of its impressive third-quarter performance, reports Globe and Mail.
Despite the airline's earnings exceeding analysts' expectations, shares initially surged by as much as 5% on the TSX, only to plummet below Friday's closing value.
The dip in share price suggests that investors may be harbouring doubts about the airline's prospects, fearing that the current success might not be sustainable. While Air Canada managed to defy concerns surrounding economic uncertainty and cost pressures, the erratic stock performance leaves a lingering question mark about the airline's resilience in the face of market fluctuations.
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