Coronavirus and MAX issues weigh on Air Canada results says Cowen

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