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May 29, 2024
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Transat AT, the Canadian parent of leisure company and airline Air Transat, produced its first quarterly operating and net profits since Q4 2019. The airline benefitted from strong demand for travel and responded by ramping up capacity on the network.

The group reported a consolidated adjusted net profit of C$42.3 million compared to C$-120.9 million in its third quarter, which ran from May-July. Total revenues were up by 47 percent to C$746.3 million from C$508.3 million, thanks to 19 percent higher capacity and strong demand. This pushed the load factor up by nine percent and yields by 29 percent year on year, largely explained by the mismatch between demand and supply.

 


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author avatar
Richard Schuurman
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.