Air Canada (TSX:AC) stock is struggling to stay afloat, so is it worth the risk to buy even at these low levels? The post Should You Buy Air Canada Stock at $16? appeared first on The Motley Fool Canada.

Now investors can focus on the benefits of additional rate cuts by the Bank of Canada and the U.S. Federal Reserve, which could support economic activity and boost demand for air travel. Airline stocks, still well below their recent highs, could perform well in this environment.

Down almost 70% from record levels, Air Canada stock is cheap and trades at a massive discount to consensus price target estimates.

Here are some of the key reasons why I don’t expect Air Canada stock to continue underperforming the TSX Composite for much longer. The post How Much Longer Will Air Canada Stock Underperform the TSX Composite?

Shares of Delta Air Lines Inc. DAL advanced 2.06% to $45.18 Friday, on what proved to be an all-around great trading session for the stock market, with the S&P 500 Index SPX rising 0.54% to 5,626.02 and the Dow Jones Industrial Average DJIA rising 0.

In 2024, Delta Air expects earnings to range between US$6 and US$7 per share while forecasting free cash flow at US$4 billion. Priced at seven times free cash flow, DAL stock is relatively cheap and trades at a 30% discount to consensus price target estimates.