National Bank Financial lifted its 12 month target price on Air Canada’s stock to $24.00 from $23.00 while maintaining a Sector Perform rating. The adjustment reflects the bank’s view that travel demand is stabilizing following recent volatility, supported by steady passenger volumes and resilient leisure travel trends, particularly on international and transborder routes.
National Bank’s neutral stance underscores ongoing challenges that could limit near-term upside. These include elevated operating costs, fuel price sensitivity, and capacity management as airlines balance fleet utilization with demand patterns.
