NASDAQ:CAMT 2 January 2026 - 12 May 2026

July 9, 2026, 8:00 AM EDT. Air Canada (TSX:AC) is up 25.6% so far this year, but the stock is still seen as undervalued. Shares trade at 8.8 times earnings, under both the airline sector's 9.9x average and the 22.3x peer average, pointing to a possible discount. News of Anko van der Werff stepping in as CEO in 2027 gave some support to the carrier's long-term story, as investors keep weighing cost pressures and possible execution problems against a digital overhaul and ongoing recovery. Simply Wall St models show AC screens undervalued on five out of six checks, with a fair P/E seen closer to 13.9x.