Transat reports $98.3-million second-quarter loss as recovery in travel business takes hold

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Transat CEO Annick Guerard says sales are progressing in a “very satisfactory manner” for the summer

The company says its net loss attributable to shareholders amounted to $98.3 million or $2.60 per diluted share for the quarter ended April 30. The result compared with a loss of $69.6 million or $1.84 per diluted share a year earlier.

On an adjusted basis, Transat says it lost $2.95 per diluted share compared with an adjusted loss of $2.74 per diluted share in the same quarter last year.

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