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stakes airlinebusiness.
But despite all that christian louboutin - barbie bianca , some analysts say it may be time tolook again at investing in Canada's two dominant players, forthose with a stomach for volatility.
"It is not for the faint of heart. There are so manyvariables totally beyond the ability of senior airlinemanagement to actually control," said independent airlineanalyst Rick Erickson. "But if you play the cycle and if you'resmart about it, there is money to be made there."
Investors in Air Canada Inc (ACa.TO)(ACb.TO) have not yetbeen rewarded for their risk-taking this year. Its stock isdown almost 44 percent since Jan. 1, walloped by a surge in oilprices and worries about summer strikes as Canada's biggestairline renegotiates labor contracts with all its unions.
Late on Friday the union representing Air Canada customerservice and ticket sales agents gave the airline 72 hoursnotice of a strike after negotiators failed to agree on a newlabor contract. [ID:nN09246936] For StarMine data on Airlines: link.reuters.com/suv99r
Most analysts, however, don't expect the tough talk byunions representing pilots christian louboutin - barbie bianca NFL Custom Jerseys, flight attendants christian louboutin - barbie bianca , maintenanceworkers and customer service agents to deteriorate into majorstrikes, even though talks could drag on through the summer.
In any event christian louboutin - barbie bianca , if there is a strike, analysts say theCanadian government may step in and legislate employees back towork as it has done previously in the transportation sector.
"What happens when labor negotiations end? We go back andlook at fundamentals. All the things on a fundamental basispoint to a higher stock price," said PI Financial analyst ChrisMurray.
Murray and others like Air Canada because it has a dominantposition in the domestic market -- about 56 percent marketshare -- and is making headway in slashing costs. The airlinehas cut C$440 million ($449 million) off annual costs sincemid-2009 and is on track to the achieve its goal of C$530million by year end.
Results have been impro