Air Canada reported said it was expecting that ongoing MAX issue and coronavirus to drag down its numbers for the first quarter of 20220, according to a report from analysts Cowen.Air Canada said the combination of the continued MAX grounding and coronavirus would drive a C$200m EBITDA decline in the Q1 2020 , compared with the same period in 2019 as well as higher maintenance related expenses. Cowen analysts said they expected Air Canada’s share price to be under pressure as a result The Canadian carrier’s results in Q4 2019 were also below expectations due to reservation system and share-based compensation issues said
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