Daily bookings fell 50 per cent year-over-year in the last few days, chief financial officer Denis Petrin told shareholders at their annual meeting in Montreal on Thursday.
Travel fears and U.S. President Donald Trump's travel ban on most of Europe are expected to dent Transat's transatlantic business -- the bulk of its operations between May and October -- Laurentian Bank analyst Mona Nazir said in a research note. "We're satisfied with the improvement in results for the first quarter, even though the coronavirus epidemic makes the rest of the year difficult to predict."
On an adjusted basis, Transat said it lost 54 cents per share for the quarter compared with an adjusted loss of $1.04 per share in the same period a year earlier. Analysts had expected an adjusted loss of 50 cents per share, according to financial markets data firm Refinitiv.
Ok, I have said this hundred times, WHO claims worldwide pandemic! Why are we still flying everyone over the atmosphere? Are the corporations that stupid? Or do we just keep spreading the CoronaVirusCanada from city to city? groundtheplanes
Well yeah!! Plus worst flights ever too many kids, in comfy seats it’s the Walmart of airlines