News Formal

Travel company Transat A.T. reports Q2 loss, revenue up from nearly 12% from year ago

  • 📰 YahooFinanceCA
  • ⏱ Reading Time:
  • 34 sec. here
  • 4 min. at publisher
  • 📊 Quality Score:
  • News: 24%
  • Publisher: 63%

Air Transat News

Diluted Share,The Canadian Press

MONTREAL — Transat A.T. Inc. reported a loss of $54.4 million in its latest quarter as its revenue rose nearly 12 per cent compared with a year ago.

The travel company says the loss for the quarter ended April 30 amounted to $1.40 per diluted share, compared with a loss of $29.2 million or 76 cents per diluted share a year earlier.

The parent company of Air Transat says the increase reflected sustained demand driven by a 12 per cent increase in traffic expressed in revenue-passenger-miles.However, the company says it also faced intensified competition, inefficiencies resulting from an issue with the Pratt & Whitney GTF2 engine used by its aircraft, consequences of union strike threats and an economic slowdown.

Many people purchase a condo as their first property as a way to get their foot in the door of homeownership, with the intention of eventually selling and purchasing a larger property. "When buying a...Why foreigners fight for Ukraine - Ukraine: The Latest

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 47. in SG
 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Singapore Singapore Latest News, Singapore Singapore Headlines

Similar News:You can also read news stories similar to this one that we have collected from other news sources.

Travel company Transat A.T. reports Q2 loss, revenue up nearly 12% from year agoTransat A.T. Inc. reported a loss of $54.4 million in its latest quarter as its revenue rose nearly 12 per cent compared with a year ago.
Source: BNNBloomberg - 🏆 83. / 50 Read more »