Should You Buy Air Canada Stock While It’s Below $17?
Air Canada (TSX:AC) stock fell 8.7% in the second half of July when the airline reduced its 2024 adjusted earnings before interest, taxes, depreciation and amortization (EBITDA) forecast by a whopping $600 million. The revised forecast is $3.1 billion to $3.4 billion, compared with its previous forecast of $3.7 billion to $4.2 billion. Why did…