Michael Green - Air Canada Independent Director

AC Stock  CAD 18.76  0.07  0.37%   

Director

Mr. Michael M. Green is Independent Director of Air Canada. He is Chief Executive Officer and Managing Director of Tenex Capital Management, a private investment firm. Mr. Green has a multiindustry investment and operations background in aerospace, transportation, telecommunications and software systems. Mr. Green was a Managing Director of Cerberus Capital Management, L.P. from 2004 to 2009. From 1999 to 2004, Mr. Green was the Managing Partner of TenX Capital Partners and joined Cerberus in 2004 when Cerberus acquired certain portfolio companies from TenX. Previously, Mr. Green was Chief Executive Officer of Trispan Solutions and Naviant Technology. Mr. Green began his career at General Electric Company where he worked in several operating departments and held positions in engineering, manufacturing, sales, marketing and general management since 2009.
Age 60
Tenure 15 years
Address 7373 Côte-Vertu Boulevard West, Saint-Laurent, QC, Canada
Phone514 422 6020
Webhttps://www.aircanada.com
Green holds a dual BS degree in Electrical Engineering and Physics from State University of New York, Buffalo and a MS degree in Electrical Engineering from Villanova University.

Air Canada Management Efficiency

The company has return on total asset (ROA) of 0.0484 % which means that it generated a profit of $0.0484 on every $100 spent on assets. This is way below average. Similarly, it shows a return on equity (ROE) of (4.1787) %, meaning that it generated substantial loss on money invested by shareholders. Air Canada's management efficiency ratios could be used to measure how well Air Canada manages its routine affairs as well as how well it operates its assets and liabilities. As of the 7th of May 2024, Return On Tangible Assets is likely to grow to 0.09. Also, Return On Capital Employed is likely to grow to 0.12. At this time, Air Canada's Other Current Assets are very stable compared to the past year. As of the 7th of May 2024, Return On Tangible Assets is likely to grow to 0.09, while Total Assets are likely to drop about 17 B.
The company has accumulated 359 M in total debt with debt to equity ratio (D/E) of 6.7, indicating the company may have difficulties to generate enough cash to satisfy its financial obligations. Air Canada has a current ratio of 1.13, suggesting that it is in a questionable position to pay out its financial obligations in time and when they become due. Debt can assist Air Canada until it has trouble settling it off, either with new capital or with free cash flow. So, Air Canada's shareholders could walk away with nothing if the company can't fulfill its legal obligations to repay debt. However, a more frequent occurrence is when companies like Air Canada sell additional shares at bargain prices, diluting existing shareholders. Debt, in this case, can be an excellent and much better tool for Air to invest in growth at high rates of return. When we think about Air Canada's use of debt, we should always consider it together with cash and equity.

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Air Canada provides domestic, U.S. transborder, and international airline services. Air Canada was founded in 1937 and is headquartered in Saint-Laurent, Canada. AIR CANADA operates under Airlines classification in Canada and is traded on Toronto Stock Exchange. It employs 28400 people. Air Canada (AC) is traded on Toronto Exchange in Canada and employs 36,900 people. Air Canada is listed under Passenger Airlines category by Fama And French industry classification.

Management Performance

Air Canada Leadership Team

Elected by the shareholders, the Air Canada's board of directors comprises two types of representatives: Air Canada inside directors who are chosen from within the company, and outside directors, selected externally and held independent of Air. The board's role is to monitor Air Canada's management team and ensure that shareholders' interests are well served. Air Canada's inside directors are responsible for reviewing and approving budgets prepared by upper management to implement core corporate initiatives and projects. On the other hand, Air Canada's outside directors are responsible for providing unbiased perspectives on the board's policies.
Al Read, Vice President Airports - North America
David Shapiro, Executive Vice President, International and Regulatory Affairs and Chief Legal Officer
Michael Wilson, Independent Director
Richard Steer, Senior Vice President - Operations
Valerie Durand, Head Sustainability
FSA CFA, President Investments
Jon Turner, Vice President - Maintenance
Andrew Yiu, Vice President Product
Robert Fyfe, Independent Director
Catherine Dyer, Senior Vice President, Chief Information Officer
Marc Barbeau, Executive Officer
Christie Clark, Independent Director
Annette Verschuren, Independent Director
Calin Rovinescu, President, Chief Executive Officer, Director
Melvin Crocker, Chief Officer
Carolyn Hadrovic, Vice President and Corporate Secretary
Vagn Soerensen, Independent Chairman of the Board
Jean Huot, Independent Director
Duncan Bureau, Vice President - Global Sales
Michael Green, Independent Director
Amos Kazzaz, Senior Vice President - Financial Planning and Analysis
Renee SmithValade, Vice President - In-Flight Service
Pierre Houle, MD Treasurer
Gary Doer, Independent Director
Murray Strom, Vice President - Flight Operations
Kathleen Taylor, Independent Director
Mark Nasr, Vice President - Loyalty and eCommerce
John MacLeod, Vice President, Global Sales and Alliances
Michael Rousseau, Deputy Chief Executive Officer, Chief Financial Officer
Samuel Elfassy, Vice President - Safety
Lucie Guillemette, Vice President - Revenue Management and International Sales
Madeleine Paquin, Independent Director
Mark Galardo, Vice President - Network Planning
Craig Landry, Senior Vice President - Revenue Optimization
Arielle MeloulWechsler, Executive Vice President, Chief Human Resources and Communications Officer
Catherine Luelo, Senior Vice President, Chief Information Officer
Ferio Pugliese, Senior Vice President Government Relations and Air Canada Express
Kevin OConnor, Vice President - System Operations Control
Chris Isford, Vice President Controller

Air Stock Performance Indicators

The ability to make a profit is the ultimate goal of any investor. But to identify the right stock is not an easy task. Is Air Canada a good investment? Although profit is still the single most important financial element of any organization, multiple performance indicators can help investors identify the equity that they will appreciate over time.

Pair Trading with Air Canada

One of the main advantages of trading using pair correlations is that every trade hedges away some risk. Because there are two separate transactions required, even if Air Canada position performs unexpectedly, the other equity can make up some of the losses. Pair trading also minimizes risk from directional movements in the market. For example, if an entire industry or sector drops because of unexpected headlines, the short position in Air Canada will appreciate offsetting losses from the drop in the long position's value.

Moving together with Air Stock

  0.73ELF E L FinancialPairCorr
  0.63FFH-PM Fairfax FinancialPairCorr
The ability to find closely correlated positions to Air Canada could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Air Canada when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Air Canada - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Air Canada to buy it.
The correlation of Air Canada is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A perfect positive correlation (i.e., a correlation coefficient of +1) implies that as Air Canada moves, either up or down, the other security will move in the same direction. Alternatively, perfect negative correlation means that if Air Canada moves in either direction, the perfectly negatively correlated security will move in the opposite direction. If the correlation is 0, the equities are not correlated; they are entirely random. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.
Correlation analysis and pair trading evaluation for Air Canada can also be used as hedging techniques within a particular sector or industry or even over random equities to generate a better risk-adjusted return on your portfolios.
Pair CorrelationCorrelation Matching
Check out Trending Equities to better understand how to build diversified portfolios, which includes a position in Air Canada. Also, note that the market value of any company could be tightly coupled with the direction of predictive economic indicators such as signals in estimate.
You can also try the Transaction History module to view history of all your transactions and understand their impact on performance.

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Please note, there is a significant difference between Air Canada's value and its price as these two are different measures arrived at by different means. Investors typically determine if Air Canada is a good investment by looking at such factors as earnings, sales, fundamental and technical indicators, competition as well as analyst projections. However, Air Canada's price is the amount at which it trades on the open market and represents the number that a seller and buyer find agreeable to each party.