NYSE:GEA 29 December 2025 - 8 February 2026

July 1, 2026, 12:29 AM EDT. Air Canada (TSX:AC) stock has lost more than half its value, down 52%, but is still trading at a trailing P/E of 10.1. The airline has made cuts and boosted operational efficiency, keeping its balance sheet stable. Jet fuel prices have dropped as U.S.-Iran tensions ease, while bookings for summer travel look strong. Air Canada has added free WiFi and more Aeroplan perks to try to gain share. The sector is still volatile, and investors looking to buy on weakness need patience and regular reviews. The recent drop could give long-term investors a shot at a better entry.