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Here are the Top six Canadian travel stocks to explore Now.
1. Avante Logixx Inc.
The nanocap travel advisory firm offers secure transport and international security services. The company posted a top line of US$ C$ 91.7 million in the first quarter of 2021, up 84 per cent year-over-year (YoY).
2. WestJet (ONEX Corporation)
ONEX’s subsidiary WestJet will also be benefited from travel resumption across the borders. Onex recorded net earnings of US$ 288 million in the second quarter of 2021, down against U$ 472 million in the first quarter of 2021.
3. ZoomAway Technologies Inc.
The technology-backed hospitality and travel firm’s stock has traded flat in the past three months, but it could revive once travel restrictions normalized across Canada.
4. Air Canada
The national carrier has started witnessing a bit of improvement in its operation. However, it is still posting losses of over a billion Canadian dollars. The Montreal-based airways reported losses of C$ 1.13 billion in Q2 2021, slightly better than a loss of C$ 1.55 billion in Q2 2020.
5. Chorus Aviation Inc.
Chorus Aviation Inc is known for leasing its flights and airline maintenance. The company announced that it bagged a lease order for its two Dash 8-400 aircraft from Waltzing Matilda Airlines in the first week of August. The reviving demand for its flights may impact its share price positively. However, the company posted a net loss of around C$ 38 million in Q1 2021.
6. Transat A.T. Inc.
The Canadian tour firm’s travel reopening report provided some much-needed relief to the company’s revenues. The company also received a support package worth C$ 700 million from the liberal government.
