While load factors for this winter season are a bit behind, Air Transat is positive for the full FY24. The Canadian airline is expecting record-high operating margins next year of between 7.5 and 9 percent. Air Transat plans to grow capacity by 19 percent, despite the operational challenges with almost 40 percent of its Airbus A321LRs grounded for Geared Turbofan maintenance and repairs.
Air Transat reported its Q4 and FY23 results on Thursday. The fourth quarter confirmed that the airline is on the up again, producing an adjusted net profit of C$15.676 billion compared to C$-75.930 million in the same quarter last year. Adjusted EBITDA was C$89 million versus C$-11.5 million last year.
Active as a journalist since 1987, with a background in newspapers, magazines, and a regional news station, Richard has been covering commercial aviation on a freelance basis since late 2016.
Richard is contributing to AirInsight since December 2018. He also writes for Airliner World, Aviation News, Piloot & Vliegtuig, and Luchtvaartnieuws Magazine. Twitter: @rschuur_aero.
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