Airline

Transat reports loss in 2022 but hopes to return to profit in 2023

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Transat reports loss in 2022 but hopes to return to profit in 2023

Quebecois carrier Transat reported C$667.5 million (US$ 484.2 million) revenue in 2022 for an adjusted income (EBIDTA) of C$3.3 million but an operating loss of C$38.1 million. The carrier was left with unrestricted liquidity of C567.7 million on January 31 2023, following "strong cash flow generati...

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