Transat A.T. Inc. (TRZ_A.TO,TRZ_B.TO) posted a wider second-quarter net loss attributable to shareholders of C$22.8 million, or C$0.59 per share, compared with a C$13.2 million, or C$0.35 per share loss, a year before. Adjusted after-tax loss amounted to C$1.43 million, or C$0.04 per share in the recent period.
For the quarter, the net loss includes a non-realized charge, excluding taxes, of C$18.5 million stemming from the mark-to-market accounting of fuel-hedging contracts, compared with a favourable variance of C$3.1 million in 2012, according to the company.
Revenues for the second quarter were C$1.1 billion, compared with C$1.2 billion in 2012, down by 8.7%, mainly due to the Corporation's decision to reduce capacity on its markets, hence a 13.7% reduction in the number of travellers.
Transat's Chief Executive commented, "We reached our cost-reduction targets, and despite a challenging winter selling prices were higher than last year, hence the improvement in our results. The summer is looking fairly good and we expect to be back to profitability this year." Also, the firm anticipates to record better results than last year for the second half, and an after-tax adjusted income for the year.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.