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Transat AT posts Q1 loss despite higher revenue as weak loonie pushes up costs

2016-03-10 15:52:13| Real Estate - Topix.net

Transat AT posted a loss in its latest quarter, which included the Christmas holiday period, despite higher revenue as the weak Canadian dollar hurt its results. The travel company said the loonie's weakness against the U.S. dollar resulted in higher overall costs that weren't completely offset by lower fuel prices or higher average selling prices for its services.

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