Identifying an industry that has been harder hit by the COVID-19 pandemic than Canadian airline companies would be tough. Even as air travel picks up again in 2023, they are still feeling the effects.
For one, travel reached a complete standstill as borders closed and international travel was halted. In addition, travel is often booked well in advance. So not only was the forward outlook for Canadian airline stocks crushed, but it also had to dish out some hefty refunds to customers who couldn’t go on the trips that had been planned.
Some required government bailouts in order to pay refunds.
But now that the economy is open and more Canadians are travelling again, many investors are asking whether these Canadian stocks and airline carriers are worth the gamble or have been materially impacted by the pandemic.
In this piece, I’ll review 2 of the best airline stocks and discuss whether or not they’re worth investing your hard-earned…
