Option chain shows key data for Air Canada's stock options at various strike prices and expiration dates. Traders use this information to analyze potential trades and assess market sentiment for Air Canada.

Air Canada (OTC:ACDVF) Stock, Option Chain

Air Canada is Canada's largest airline, serving nearly 50 million passengers each year together with its low-cost sub-brand called Rouge and contracts for regional connection flights to its network. Air Canada is a sixth-freedom airline, which flies many US-based passengers on long-haul trips with a layover in Canada.

Air Canada

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ACDVF

Air Canada To Test Flight Attendant&#39;s Hair For Illegal Substances &amp; Weed After Reports Of Misconduct And Hijacking Jokes

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A tribunal ordered Air Canada to refund a passenger misled by the airline&#39;s chatbot, dismissing the airline&#39;s claim that the chatbot was a separate legal entity responsible for its own actions.

Chatbot A Legal Entity? Air Canada Argued It Is &#39;Responsible For Its Own Action&#39; In An Attempt To Evade A Refund. Here&#39;s What Happened Next

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General

Passengers aboard flights on two leading airlines, Delta Air Lines, Inc. (NYSE: DAL) and Air Canada (OTCMKTS: ACDVF), were recently confronted with situations involving bodily fluids, leading to some real discomfort and tough ch

Delta, Air Canada Passengers Face Hard Decisions When Confronted With Bodily Fluids

U.S. stocks could open on a negative note on Wednesday after the <a href="https://www.benzinga.com/news/earnings/24/11/41892574/dow-settles-above-44000-for-the-first-time-as-tesla-continues-to-surge-after-trump-win-investor-sen">averages scaled record highs last week</a>. Futures of all three major indices were slightly down as investors await the crucial Consumer Price Index (CPI) print scheduled to be released on Wednesday.
Nasdaq, S&amp;P 500, and Dow Jones surged over 4% last week after the GOP sweep and the Federal Reserve delivered a widely expected 25 basis point rate cut.
However, after Dow Jones scaled a record 44,000 to kick off the week on a positive note, the markets have witnessed a slight pullback due to profit booking and caution among investors.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Futures</td>
<td>Change (+/-)</td>
</tr>
<tr>
<td>Nasdaq 100</td>
<td>-0.14%</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.13%</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.11%</td>
</tr>
<tr>
<td>R2K</td>
<td>-0.08%</td>
</tr>
</tbody>
</table>
</figure>
In premarket trading on Wednesday,&nbsp;the SPDR S&amp;P 500 ETF Trust (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SPY#NYSE">SPY</a>) fell 0.11% to $596.25 and the&nbsp;Invesco QQQ ETF (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/QQQ#NASDAQ">QQQ</a>) declined 0.12% to $512.30, according to&nbsp;<a href="https://benzinga.grsm.io/lxquj26b2sag" target="_blank" rel="noreferrer noopener">Benzinga Pro data</a>.
Cues From Last Session:
The S&amp;P 500 and Nasdaq both snapped their five-session winning streak on Tuesday, edging lower as investors took a breather.
Crude oil prices remained under the $70 mark but edged up due to near-term supply tightness.
Treasury yields eased a little as investors await inflation data.
On the economic data front, U.S. consumer inflation expectations for the year ahead eased to 2.9% in October compared to 3% in each of the prior four months.
The RealClearMarkets/TIPP Economic Optimism Index rose 13.4% in November to a reading of 53.2, recording the highest reading in over three years.
Most sectors on the S&amp;P 500 closed on a negative note, with materials, health care, and real estate stocks recording the biggest losses on Tuesday.
However, information technology and communication services stocks bucked the overall market trend, closing the session higher.
<figure class="wp-block-table"> 
<table>
<tbody>
<tr>
<td>Index</td>
<td>Performance (+/-)</td>
<td>Value</td>
</tr>
<tr>
<td>Nasdaq Composite</td>
<td>-0.09%</td>
<td>19,281.40</td>
</tr>
<tr>
<td>S&amp;P 500</td>
<td>-0.29%</td>
<td>5,983.99</td>
</tr>
<tr>
<td>Dow Jones</td>
<td>-0.86%</td>
<td>43,910.98</td>
</tr>
<tr>
<td>Russell 2000</td>
<td>-1.77%</td>
<td>2,391.85</td>
</tr>
</tbody>
</table>
</figure>
Insights From Analysts:
Ryan Detrick, chief market strategist at Carson Group, thinks that the Fed has enough room to cut interest rates further without worrying about a surge in inflation. According to him, the "strong productivity" will help keep inflation capped.
"As long as productivity remains strong (like we think it should) the path is there for the Fed to continue to cut interest rates and not worry about inflation soaring back."
However, analysts at BlackRock Investment Institute <a href="https://www.blackrock.com/us/individual/insights/blackrock-investment-institute/weekly-commentary">expressed</a> caution on inflation.
"We focus on U.S. CPI to see if inflation will keep falling toward the Fed's 2% target. Short-term inflation has been decreasing, with immigration boosting the labor supply and cooling wage growth. However, recent services PCE data remains sticky, indicating that inflation may settle above 2% in the medium term."
Over the longer term, though, an aging population could maintain a persistent upward pressure on inflation, the firm said.
Wells Fargo's lead economist Jay Bryson echoed similar sentiments, saying, "The October CPI report will likely support the notion that the last mile of inflation&#8217;s journey back to target will be the hardest."
WisdomTree and Wharton School economist&nbsp;Jeremy Siegel continued to stress that the equity markets have enough gas in them to continue the ongoing bull run.
"The ‘bull market' sentiment remains intact, though valuations remain a watch point," he said, adding that the expectations of "lighter regulations" from President-elect Donald Trump's administration would benefit equities.
"The bull market in stocks looks set to continue, while bonds face a rougher road," Siegel said but noted that the gains that equity investors have been seeing this year are unlikely to repeat in 2025.
See Also: <a href="https://www.benzinga.com/money/how-to-trade-futures">How To Trade Futures</a>
Upcoming Economic Data
Wednesday's economic calendar includes the release of inflation print.
<ul>
<li>The Consumer Price Index (CPI) will be released at 8:30 a.m. ET.</li>
<li>New York Fed President John Williams will speak at 9:30 a.m. ET.</li>
<li>Dallas Fed President Lorie Logan will speak at 9:45 a.m. ET.</li>
<li>The monthly U.S. federal budget will be released at 2 p.m. ET.</li>
</ul>
Stocks In Focus:
<ul>
<li>Rivian Automotive Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares surged nearly 13% in premarket trading on Wednesday after the company <a href="https://www.benzinga.com/news/contracts/24/11/41924462/rivian-stock-races-higher-after-the-bell-whats-going-on">announced the launch of its joint venture</a> with the Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>), with the deal value rising from $5 billion to $5.8 billion.</li>
<li>Tesla Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/TSLA#NASDAQ">TSLA</a>) shares <a href="https://www.benzinga.com/markets/equities/24/11/41933025/tesla-shares-rise-in-pre-market-tuesday-after-cooling-down-in-previous-session-whats-going-on">rose over 2.5% in premarket trading</a> on Wednesday, after CEO Elon Musk was <a href="https://www.benzinga.com/government/regulations/24/11/41931503/trump-forms-doge-with-elon-musk-and-vivek-ramaswamy-at-the-helm-will-it-impact-tesla-ceos-role-at-the-ev-giant-and-spacex">appointed</a> to the Department of Government Efficiency, or DOGE, along with Vivek Ramaswamy.</li>
<li>Spirit Airlines Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/SAVE#NYSE">SAVE</a>) stock <a href="https://www.benzinga.com/news/earnings/24/11/41932146/spirit-airlines-nears-bankruptcy-creditors-may-approve-equity-cancellation-heres-what-it-means-for-investors-as-shares-fall-with-a-thud">fell over 65% in premarket trading</a> after the company inched closer to bankruptcy and failed to file its September quarter earnings.</li>
<li>MicroStrategy Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/MSTR#NASDAQ">MSTR</a>) and Robinhood Markets Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/HOOD#NASDAQ">HOOD</a>) shares continued to surge after Bitcoin (CRYPTO: <a class="ticker" href="https://www.benzinga.com/quote/btc/usd">BTC</a>) inched closer to $90,000.</li>
<li>Investors are awaiting earnings results from CyberArk Software Ltd. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CYBR#NASDAQ">CYBR</a>), Cisco Systems, Inc. (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/CSCO#NASDAQ">CSCO</a>), and Beazer Homes USA, Inc. (NYSE:<a class="ticker" href="https://www.benzinga.com/stock/BZH#NYSE">BZH</a>) today.</li>
</ul>
Commodities, Bonds And Global Equity Markets:
Crude oil futures surged in the early New York session, rising by 0.81% to hover around $68.67 per barrel.
The 10-year Treasury note yield eased slightly to 4.418%.
Most of the major Asian markets ended in the red on Wednesday, but European markets were in the green in early trading.
Read Next:
<ul>
<li><a href="https://www.benzinga.com/markets/cryptocurrency/24/11/41916359/bitcoin-is-the-decentralized-king-says-anthony-pompliano-whose-100000-price-prediction-is-close-to-coming-true">Bitcoin Is The &#8216;Decentralized King,&#8217; Says Anthony Pompliano, Whose $100,000 Price Prediction Is Close To Coming True</a></li>
</ul>
Photo courtesy: Wikimedia

Earnings

Equities

Futures

Economics

Federal Reserve

Pre-Market Outlook

Markets

Movers

Trading Ideas

$BTC

CSCO

CYBR

HOOD

MSTR

RIVN

SAVE

TSLA

VWAGY

S&P 500, Dow Futures Dip As Investors Brace For Key Inflation Data: Expert Says 'Strong Productivity' Will Cap Inflation Despite Fed's Rate Cuts

Earnings Beats

Hut 8 Mining Q3 Sales $43.735M Beat $38.068M Estimate

Rivian Automotive Inc.&#8217;s (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/RIVN#NASDAQ">RIVN</a>) shares are up 13% in pre-market trading after German automaker Volkswagen Group (OTC:<a class="ticker" href="https://www.benzinga.com/stock/VWAGY#OTC">VWAGY</a>) increased their <a href="https://www.benzinga.com/news/24/09/40772132/volkswagens-5b-deal-with-rivian-leaves-software-arm-cariad-workers-frustrated-ceo-left-out-report">planned investment into the EV startup</a> to $5.8 billion and kickstarted their joint venture.
What Happened: The two companies announced their plans for a joint venture in June. As part of the deal, Volkswagen was expected to invest about $5 billion into loss-making Rivian. 
However, Rivian said on Tuesday that the joint venture called Rivian and VW Group Technology, LLC is expected to start on Nov. 13 and Volkswagen will invest <a href="https://www.benzinga.com/news/contracts/24/11/41924462/rivian-stock-races-higher-after-the-bell-whats-going-on">up to $5.8 billion in Rivian and the JV</a> by 2027 as part of the deal, marking an increase of about 16% in planned investment.
About The New JV: The joint venture between the two players is <a href="https://www.benzinga.com/news/24/09/40682383/tesla-ceo-elon-musk-doubts-volkswagens-proposed-5b-rivian-investment-amid-reports-that-it-is-conside">aimed at providing next-generation electrical architecture</a> and software technology for both companies' future electric vehicles including Rivian&#8217;s R2 vehicle slated to enter production in the first half of 2026 at the company&#8217;s Normal, Illinois factory.
Developers and software engineers from both companies are expected to join the joint venture. While teams will initially be based in Palo Alto, California, three other sites are in development in North America and Europe, Rivian said in a statement on Tuesday. 
Rivian's&nbsp;Wassym Bensaid&nbsp;and Volkswagen's&nbsp;Carsten Helbing&nbsp;will lead the joint venture as co-CEOs.
Price Action: Rivian shares closed down 4.2% at $10.58 on Tuesday, but were up over 13% in the pre-market session on Wednesday. The stock is down by about 50% year-to-date, according to <a href="https://pro.benzinga.com/dashboard">Benzinga Pro data</a>.
Check out more of Benzinga&#8217;s Future Of Mobility coverage by&nbsp;<a href="https://www.benzinga.com/topic/mobility" target="_blank" rel="noreferrer noopener">following this link.</a>
Read Next:
<ul>
<li><a href="https://www.benzinga.com/tech/24/11/41894615/tesla-q4-deliveries-expected-to-set-new-records-but-not-enough-to-avoid-yearly-sales-decline-says-researcher" target="_blank" rel="noreferrer noopener">Tesla Q4 Deliveries Expected To Set New Records But Not Enough To Avoid Yearly Sales Decline, Says Researcher</a></li>
</ul>
Photo courtesy: Rivian

Rivian Shares Rise 13% In Pre-Market: What's Going On?

Enlight Renewable Energy (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ENLT#NASDAQ">ENLT</a>) raises FY2024 sales outlook from $345.00 million-360.00 million to $355.00 million-370.00 million.

Guidance

ENLT

Enlight Renewable Energy Raises FY2024 Sales Guidance from $345.00M-360.00M to $355.00M-$370.00M  VS Est. $354.57M

Needham analyst Gil Blum reiterates Artiva Biotherapeutics (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ARTV#NASDAQ">ARTV</a>) with a Buy and maintains $23 price target.

Price Target

Reiteration

Analyst Ratings

ARTV

Needham Reiterates Buy on Artiva Biotherapeutics, Maintains $23 Price Target

Needham analyst Chris Pierce maintains Urgently (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/ULY#NASDAQ">ULY</a>) with a Buy and lowers the price target from $2 to $1.5.

Needham Maintains Buy on Urgently, Lowers Price Target to $1.5

HC Wainwright &amp; Co. analyst Heiko Ihle maintains MAG Silver (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/MAG#AMEX">MAG</a>) with a Buy and raises the price target from $18 to $20.

HC Wainwright & Co. Maintains Buy on MAG Silver, Raises Price Target to $20

Centene Plans To Reaffirm 2024 Adjusted EPS Guidance Of Greater Than $6.80 (Est $6.69); Also Plans To Reiterate That It Expects To Grow Adjusted EPS In 2025 And Beyond - Filing

On Tuesday, November 12, U.S. markets ended lower as investors took profits after a post-election rally, anticipating upcoming inflation data. Worries over Trump&#8217;s inflationary policies, rising Treasury yields, and weak European markets intensified the decline.
According to economic data, U.S. consumer inflation expectations eased to 2.9% in October, down from 3% in the prior four months. The RealClearMarkets/TIPP Economic Optimism Index jumped 13.4% in November to 53.2.
Most S&amp;P 500 sectors declined, led by materials, health care, and real estate, while tech and communication services rose against the trend.
The Dow Jones Industrial Average was down 0.86% and closed at 43,910.98, the S&amp;P 500 fell 0.29% to 5,984.00, and the Nasdaq Composite declined 0.09% to finish at 19,281.40.
Asia Markets Today
<ul>
<li>On Wednesday, Japan&#8217;s Nikkei 225 declined 1.55% and ended the session at 38,740.50, led by losses in the Transportation Equipment, Shipbuilding, and Trading sectors.</li>
<li>Australia&#8217;s S&amp;P/ASX 200 fell 0.75% and ended the day at 8,193.40, led by losses in the Metals &amp; Mining, Financials and Industrials sectors.</li>
<li>India&#8217;s Nifty 50 traded lower by 1.36% at 23,559.05, and the Nifty 500 was down 1.67% at 21,957.50, led by losses in the Real Estate, Capital Goods and Metals sectors.</li>
<li>China&#8217;s Shanghai Composite rose 0.51% to close at 3,439.28, and the Shenzhen CSI 300 rose 0.61%, finishing the day at 4,110.89.</li>
<li>Hong Kong&#8217;s Hang Seng slipped 0.12% and closed the session at 19,823.45.</li>
</ul>
Eurozone at 05:30 AM ET
<ul>
<li>The European STOXX 50 index was up 0.08%.</li>
<li>Germany&#8217;s DAX gained0.12%.</li>
<li>France&#8217;s CAC rose0.10%.</li>
<li>U.K.'sU.K.&#8217;s FTSE 100 index traded higher by 0.12%.</li>
</ul>
Commodities at 05:30 AM ET
<ul>
<li>Crude Oil WTI was trading higher by 0.88% at $68.70/bbl, and Brent was up 0.82% at $72.48/bbl.</li>
<li>Oil prices rose due to supply tightness but remained near two-week lows after OPEC cut its demand forecasts for 2024 and 2025, citing weakness in China.</li>
<li>Natural Gas declined 1.17% to $2.873.</li>
<li>Gold was trading higher by 0.33% at $2,615.40, Silver gained 0.92% to $31.040, and Copper slipped 0.07% to $4.1338.</li>
</ul>
U.S. Futures at 05:30 AM ET
Dow futures decreased 0.12%, S&amp;P 500 futures were down 0.15%, and Nasdaq 100 futures fell 0.15%.
Forex at 05:30 AM ET
The U.S. dollar index is up 0.02% to 105.97, the USD/JPY rose 0.22% to 154.94, and the USD/AUD rose 0.10% to 1.5321.
Image via Shutterstock

Asia

Emerging Markets

Eurozone

Commodities

Forex

ADIV

AGOV

ASHR

BBEU

BOIL

CQQQ

PowerShares DBmmodity Index Optimum Yield Diversified Fund

EEMA

FLAX

CurrencyShares British Pound Sterling Trust

IEMG

IEUR

KraneShares Trust KraneShares S&P Pan Asia Dividend Aristocrats Index ETF

KDIV

SPEM

USDU

PowerShares DB US Dollar Index Bullish Fund

Asia Markets Down, Europe Up, Dollar Makes 5-Month High - Global Markets Today While US Slept

SMCI

Super Micro Computer Said Unable To File Its Quarterly Report On Form 10-Q For The Period Ended September 30, 2024 In A Timely Manner Without Unreasonable Effort Or Expense

CAAS

China Automotive Systems Raises FY24 Revenue Guidance From $605M To $630M

Bellevue Capital Partners, One Of The Largest Shareholders Of Global Net Lease, Inc., Announced The Acquisition Of An Additional 100,000 Shares Of GNL

X4 had $135.8 million in cash, cash equivalents, restricted cash, and short-term marketable securities as of September 30, 2024. The Company believes it has sufficient funds to support operations into late 2025 and notes that this projected runway does not include potential future XOLREMDI revenue.

XFOR

X4 Pharmaceuticals Q3 2024 GAAP EPS $(0.18) Misses $(0.17) Estimate, Sales $560.00K Miss $1.69M Estimate

Hudbay Minerals Revised 2024 Annual Consolidated Cash Cost Guidance Range To $0.65-$0.85 Per Pound From $0.90-$1.10 Per Pound

Needham analyst David Saxon reiterates SI-BONE (NASDAQ:<a class="ticker" href="https://www.benzinga.com/stock/SIBN#NASDAQ">SIBN</a>) with a Buy and maintains $19 price target.

SIBN

Needham Reiterates Buy on SI-BONE, Maintains $19 Price Target

UAVS

AgEagle Aerial Systems Regained Compliance with NYSE American Continued Listing Standards

The main effect on the revenue guidance is the company's decision to terminate its activities in Russia due to limitations and constraints that are imposed with regard to operations there.&nbsp;
The Company raised and narrowed the range of its 2024 GAAP operating income guidance to between $24 million to $26 million, mainly due to the receipt of approximately $11 million in proceeds from an arbitration in Peru in H2 2024.&nbsp;
The Company also narrowed the range of its Adjusted EBITDA guidance to between $41 to $43 million, representing year-over-year growth of 15% at the mid-point.&nbsp;

GILT

Gilat Satellite Networks Narrows 2024 Revenue Guidance From $305M -$325M To $305M - $315M, Est $330.887M

As of September 30, 2024, Gyre had cash and cash equivalents of $15.9 million. Based on current plans, Gyre anticipates that its cash resources as of September 30, 2024 will enable it to fund operations through at least 12 months following the issuance of the condensed financial statements.

Biotech

Health Care

GYRE

Gyre Therapeutics Q3 2024 GAAP EPS Of $0.01 Vs. $0.05 YoY, With Adjusted Net Income Of $4.39M Vs. $11.19M YoY

DOLE

Dole Declares Cash Dividend Of $0.08 Per Share, Payable On January 3, 2025

B. Riley Securities analyst Liam Burke downgrades Adams Resources &amp; Energy (AMEX:<a class="ticker" href="https://www.benzinga.com/stock/AE#AMEX">AE</a>) from Buy to Neutral and lowers the price target from $45 to $38.

Downgrades

B. Riley Securities Downgrades Adams Resources & Energy to Neutral, Lowers Price Target to $38

Stifel upgraded Air Canada (ACDVF) to Buy from Hold with a price target of C$25.50, up from C$20. The company's Q3 results were "much better than f...

Air Canada upgraded to Buy from Hold at Stifel

Scotiabank raised the firm's price target on Air Canada (ACDVF) to C$26.50 from C$24 and keeps an Outperform rating on the shares. Published first ...

Air Canada price target raised to C$26.50 from C$24 at Scotiabank

RBC Capital analyst Walter Spracklin raised the firm's price target on Air Canada (ACDVF) to C$22 from C$17 and keeps a Sector Perform rating on th...

Air Canada price target raised to C$22 from C$17 at RBC Capital

Canaccord analyst Matthew Lee raised the firm's price target on Air Canada (ACDVF) to C$29 from C$25 and keeps a Buy rating on the shares. Publishe...

Air Canada price target raised to C$29 from C$25 at Canaccord

BMO Capital raised the firm's price target on Air Canada (ACDVF) to C$29 from C$28 and keeps an Outperform rating on the shares. Published first on...

Air Canada price target raised to C$29 from C$28 at BMO Capital

National Bank analyst Cameron Doerksen maintained a Buy rating on Air Canada (ACDVF – Research Report) today and set a price target of C$27.00. The...

National Bank Reaffirms Their Buy Rating on Air Canada (ACDVF)

In a report released today, Jamie Baker from J.P. Morgan maintained a Buy rating on Air Canada (ACDVF – Research Report), with a price target of C$...

J.P. Morgan Sticks to Its Buy Rating for Air Canada (ACDVF)

Associated Capital Group GAAP EPS of $1.09, revenue of $2.4M

Apple (AAPL) has introduced Share Item Location, a new iOS feature that helps users locate and recover misplaced items by easily and securely shari...

Apple's Find My now sharable with third parties

As we head into the holiday season, route expansion strategies have airlines poised for growth in their sector. Amid this backdrop, investors looking to capitalize on travel trends might consider looking into airline stocks like Delta Air Lines (DAL), Qantas Airways (QABSY), and Air Canada (ACDVF). Continue reading… With a lower-interest-rate environment prevailing in the market, the airline industry is gaining significant attention as people travel more, and higher-margin corporate travel continues to increase. This momentum is likely to reflect positively on the performance of airline stocks.
Below, I have highlighted three fundamentally sound airline stocks: Delta Air Lines, Inc. (<a href="https://stocknews.com/stock/DAL/">DAL</a>), Qantas Airways Limited (<a href="https://stocknews.com/stock/QABSY/">QABSY</a>), and Air Canada (<a href="https://stocknews.com/stock/ACDVF/">ACDVF</a>), which look well-positioned for potential long-term gains.
With the economic recovery and holiday season nearing, the airline sector has seen a steady climb in ticket bookings and traveler numbers across the U.S. and internationally.
As per the <a href="https://www.iata.org/en/pressroom/2024-releases/2024-10-31-02/">International Air Transport Association (IATA) data</a>, the international demand measured in revenue passenger kilometers (RPK) increased 9.2% from September 2023. The total demand rose 7.1% year-on-year, making it an all-time high for September.
Furthermore, the shift toward sustainable aviation and fuel-efficient practices, which airlines are adopting to reduce costs and environmental impact, is one promising factor for the airline industry.
Over the past two years, <a href="https://simpleflying.com/us-airports-largest-traffic-increases-list/">U.S. airports have seen a major passenger traffic increase</a>, with the Los Angeles International Airport leading the chart with a 26.7% increase in passenger traffic. In addition, the global total passenger estimate is projected to reach approximately <a href="https://aci.aero/2024/09/18/aci-world-projects-10-growth-for-passenger-traffic-in-2024-to-reach-9-5-billion/">9.5 billion in 2024</a>, reflecting 10% year-on-year growth from 2023.
Moreover, many airlines are strategically expanding their routes, especially to international destinations that are witnessing high demand. Besides, the global flight market is anticipated to reach $770 billion by 2029, <a href="https://www.statista.com/outlook/mmo/shared-mobility/flights/worldwide">exhibiting a CAGR of 4.4%</a>.
Given these encouraging trends, let's look at the fundamentals of the three top <a href="https://stocknews.com/category/airlines/">Airlines</a>, beginning with the third stock.
Stock #3: Delta Air Lines, Inc. (<a href="https://stocknews.com/stock/DAL/">DAL</a>)
DAL provides scheduled air transportation for passengers and cargo worldwide. The company operates through two segments: Airline and Refinery. 
On July 9, DAL and Riyadh Air, Saudi Arabia's innovative new full-service global carrier, signed a Strategic Cooperation Memorandum of Understanding to expand connectivity and premium travel options between North America, the Kingdom of Saudi Arabia, and beyond. This agreement should strengthen connectivity and expand networks for both airlines.
DAL for the third quarter (ended September 30, 2024) reported total <a href="https://www.investopedia.com/terms/o/operating-revenue.asp">operating revenue</a> of $15.68 billion, indicating a marginal growth from the prior year quarter. Its net income came in at $1.27 billion and $1.97 per share, up 14.8% and 14.5% year-over-year, respectively. Also, the company's free cash flow stood at $95 million compared to the prior-year quarter's loss of $250 million.
The consensus revenue estimate of $14.67 billion for the fiscal fourth quarter (ending December 2024) represents a 3.1% increase year-over-year. The consensus EPS estimate of $1.72 for the same quarter indicates a 34.5% improvement year-over-year. The company has an excellent surprise history; it surpassed the consensus revenue in each of the trailing four quarters.
DAL's stock has surged 88.1% over the past year and 63% over the past three months to close the last trading session at $64.05.
DAL's stance is apparent in its <a href="https://stocknews.com/powr-ratings/">POWR Ratings</a>. Among the 26 stocks in the <a href="https://stocknews.com/category/airlines/">Airlines</a> industry, it is ranked #18. The POWR Ratings are calculated by considering 118 different factors, each weighted to an optimal degree.
<a href="https://stocknews.com/stock/DAL/">Click here</a> to see the additional DAL ratings (Growth, Value, Momentum, Stability, Sentiment, and Quality).
Stock #2: Qantas Airways Limited (<a href="https://stocknews.com/stock/QABSY/">QABSY</a>)
Headquartered in Mascot, Australia, QABSY offers air transportation services in Australia and internationally. The company operates in four segments: Qantas Domestic; Qantas International; Jetstar Group; and Qantas Loyalty.
On October 25, QABSY announced its new upgrades for the A330 Aircraft that operates international flights to Hong Kong, Singapore, and Tokyo. This refurbishment has an installation of new Economy seats designed with more comfort, a 4K OLED 13.3" entertainment touchscreens, and USB-C fast charging and Bluetooth for the Economy section.
In the same month, QABSY announced an investment of more than $40 million in new skills and training initiatives. This investment is in cabin safety training assets and new facilities across Australia. The company is also set to launch a new Qantas Group Safety Academy in 2025, offering safety education credentials designed to upskill and develop safety professionals.
In the fiscal year 2024, which ended on June 30, 2024, QABSY's revenue and other income increased 10.7% year-over-year to $21.94 billion. The company reported a total comprehensive income for the year of $1.27 billion, indicating 6.5% growth from the prior-year period, while its EPS stood at $75.1.
Analysts expect QABSY's revenue and EPS for the current year (ending June 2025) to be $15.37 billion and $3.55, respectively. For the fiscal year 2026, its revenue and EPS are expected to grow by 3.6% and 18.9% from the prior year to $15.92 billion and $4.23, respectively.
Over the past year, the stock has gained 62%, closing the last trading session at $27.61.
QABSY's bright prospects are reflected in its POWR Ratings. The stock has an overall rating of B, which translates to a Buy in our proprietary rating system.
It also has a B grade for Stability and Quality. It is ranked #3 out of 26 stocks within the same industry. <a href="https://stocknews.com/stock/QABSY/">Click here</a> to see QABSY's ratings for Growth, Value, Momentum, and Sentiment.
Stock #1: Air Canada (<a href="https://stocknews.com/stock/ACDVF/">ACDVF</a>)
Based in Saint-Laurent, Canada, ACDVF provides domestic, U.S. transborder, and international airline services. The company offers scheduled passenger services under the Air Canada Vacations and Air Canada Rouge brand names.
On November 7, ACDVF announced the extension of its intermodal strategy across Europe to include Italy, Spain, Britain, and Asia, with its first operator in South Korea, where customers can easily book onward land connections to destinations when they purchase flight tickets. This expanded offer makes it easy and flexible for customers to add connections to a single itinerary.
In the same week, the company announced that it is set to add new seasonal services and increase capacity in the summer of 2025. This launch will provide new non-stop flights offering more than 100,000 weekly seats to 30 destinations across Europe and North Africa.
During the third quarter ended September 30, 2024, ACDVF reported operating revenue of CAD6.11 billion ($4.38 billion). Its net income of CAD2.03 billion ($1.46 billion) indicates growth of 62.8% from the prior year's quarter, and its EPS came in at CAD5.38, up 74.7% year-over-year. In addition, the free cash flow grew 108.9% year-over-year to CAD282 million ($202.20 million).
Street expects ACDVF's revenue and EPS for the current year (ending December 2024) to be $15.64 billion and $1.61, respectively. For the fiscal year 2025, its revenue and EPS are expected to grow by 6.5% and 21.8% from the prior year to $16.66 billion and $1.96, respectively.
The stock has surged 47.6% over the past three months and 34.8% over the past month to close the last trading session at $16.81.
ACDVF's POWR Ratings reflect this robust outlook. It has an overall rating of A, which equates to a Strong Buy in our proprietary rating system.
It has an A grade for Value and Quality. The stock is ranked #1 in the Airlines industry. <a href="https://stocknews.com/stock/ACDVF/">Click here</a> to access the additional ACDVF ratings (Growth, Momentum, Stability, and Sentiment).
What To Do Next?
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DAL shares . Year-to-date, DAL has gained 60.92%, versus a 26.77% rise in the benchmark S&amp;P 500 index during the same period.
<hr><div style="clear:both;"></div> <h2>About the Author: ShreyaRathi</h2> <img src='https:/wp-content/uploads/2024/10/0.jpeg' style="float:left; padding:5px;width:125px;"><a href="https://stocknews.com/authors/?author=shreya-rathi">More...</a>The post <a href=https://stocknews.com/news/dal-qabsy-acdvf-3-top-airline-stocks-poised-for-takeoff-in-november/>3 Top Airline Stocks Poised for Takeoff in November</a> appeared first on <a href=https://stocknews.com/>StockNews.com</a>

3 Top Airline Stocks Poised for Takeoff in November

AAPL

ANZFF

DLAKY

QABSY

QUBSF

SINGF

SINGY

Small Cap

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Star Alliance Management Team Firmly Focused on Seamless Customer Experience

Air Canada Earns Passenger-Rated Five Star Global Airline Award at the APEX 2025 Awards

Air Canada to Resume Daily Service to Beijing, Increase Shanghai Flights to Daily

Applications Open Tomorrow for Sixth Edition of the Air Canada and CAE Captain Judy Cameron Scholarship

Air Canada Reports Third Quarter 2024 Financial Results

Vince "Air Canada" Carter's Legacy Soars with High-Flying Tribute

Air Canada Unveils the Country's Best New Restaurants Top 10 List for 2024

Air Canada to Launch into Summer 2025 with New Non-stop Flights to Europe and the U.S.

Air Canada Expands its Intermodal Strategy in Europe to Italy, Spain, Britain and Launches First Air-to-Rail connections in Asia within South Korea

Contracts

Air Canada Procures Nearly 78 Million Litres of Unblended Neat Neste MY Sustainable Aviation Fuel For Use in Canada

TSX:AC

TSX:CAE

National Bank Financial Inc

Citigroup

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