Air Transat reports third quarter results

Air Transat reported C$736.2 million in revenues for the third quarter 2024, down 1.4% from last year’s third quarter. Operating profits were C$41.3 million, down from $114.8 million last year. It recorded a net loss of C$39.3 million, or a C$1.03 loss per share, swinging from last year’s net income of C$57.3 million, or C$1.49 per share. “Transat’s third-quarter results reflect evolving market conditions and industry-wide pressure as recently indicated by other carriers,” said Transat president and CEO Annick Guerard. “Demand for leisure travel remains healthy, as evidenced by higher traffic, but consumers are increasingly price conscious given the current