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Transat AT earnings battered by low loonie, Zika virus and strike threat
2016-03-10 23:09:51| Real Estate - Topix.net
Tour operator Transat AT expects to struggle with profitability over the rest of the winter season amid an ongoing hit from the low Canadian dollar, the impact of the Zika virus on travel plans and a recently resolved labour dispute. The Montreal-based company estimates that over the last three winters, including this one, it has had to absorb about $150 million in net additional costs even after accounting for savings from lower fuel prices - or about $70 per tour package booked.
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.
Transat A.T. may shrink European presence, sell tour units in France, Greece.
2016-01-12 15:26:14| Real Estate - Topix.net
Transat A.T. Inc. is looking for buyers for some of its European operations but expects to maintain transatlantic service by its airline and Transat Tours Canada. The Montreal-based travel company says its tour operating business units in France and Greece are up for sale but there's no certainty that a transaction will occur.
Tags: france
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Transat aims for $100 million in cost cuts, margin growth over next three years
2015-03-12 15:05:58| Real Estate - Topix.net
Transat AT Inc. says it's aiming for $100 million of cost savings and margin improvements over the next three year, including $45 million in 2015. Among other things, the Montreal-based travel company and owner of Air Transat will increase seating density of three Airbus A330 wide-body jets, which will be dedicated to the London and Paris routes.
Tags: years
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Transat reduces net loss to $7.9 million on revenues of $1.1 billion
2014-06-12 15:56:37| Real Estate - Topix.net
Package tour comany Transat A.T. Inc. reduced its net loss to $7.9 million for the second quarter from $22.8 million in the year-ago period as revenues rose one per cent to $1.1 billion.
Tags: net
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