Transat reported revenue that doubled on solid demand for leisure travel and higher prices, but losses still dogged earnings. Read on.
The travel company saw revenues more than double year over year while it reported a second-quarter loss of $29.2 million compared with a loss of $98.3 million a year ago.Sign up to receive the daily top stories from the Financial Post, a division of Postmedia Network Inc.By clicking on the sign up button you consent to receive the above newsletter from Postmedia Network Inc. You may unsubscribe any time by clicking on the unsubscribe link at the bottom of our emails or any newsletter.
“In addition, Transat actively continued its fleet optimization plan, deploying in winter 2023 a capacity comparable to winter 2019 with 20 fewer aircraft in service.” Passengers across the continent have continued to scratch the travel itch that built up over two years under COVID-19 restrictions.
South Africa Latest News, South Africa Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Transat rides solid demand for leisure travel as revenues take offTransat reported revenue that doubled on solid demand for leisure travel and higher prices, but losses still dogged earnings. Read on.
Read more »
Transat narrows loss on strong travel demand, higher pricesThe travel company posted a loss of 76 cents a share in the quarter ended April 30, compared with a loss of $2.60 a share in the same period a year earlier
Read more »
The Daily Chase: Canadian wildfires rage; Transat raises forecast amid strong travel demand - BNN BloombergWe're continuing to track the reverberations from the Bank of Canada's decision to hop off the sidelines with yesterday's quarter-point interest rate increase.
Read more »
Transat raises outlook for fiscal year amid steady travel demand - BNN BloombergTransat is adjusting its outlook for the fiscal year in light of strong demand for leisure travel, the company said Thursday as it reported second-quarter earnings.
Read more »
Traders expecting SHIB’s reversal should read thisSHIB eased to its December lows and could falter at the range low if BTC weakens further.
Read more »
Bank of Canada raises interest rates: Read the official statementThe Bank of Canada raised interest rates on June 7, bringing its key policy rate at 4.75%. Read the central bank\u0027s official statement here.
Read more »