Transat AT V & VV ( (TSE:TRZ) ) just unveiled an announcement.
Transat A.T. Inc. reported a 5.6% increase in first-quarter revenues for fiscal 2025, reaching $829.5 million, driven by higher traffic and disciplined capacity management. Despite a net loss of $122.5 million, the company saw improvements in adjusted EBITDA and free cash flow, attributed to reduced fuel costs and operational efficiencies. The Elevation Program, aimed at optimizing long-term growth, is on track to achieve significant cost savings and efficiency gains, with a target of $100 million by mid-2026. The company is also focused on refinancing its debt and strengthening its balance sheet, extending the maturity dates of its financing agreements to provide greater flexibility in ongoing discussions with stakeholders.
More about Transat AT V & VV
Transat A.T. Inc. is a global leader in leisure travel, operating primarily as an air carrier under the Air Transat brand. The company focuses on providing travel services worldwide, emphasizing long-term profitable growth through optimization programs.
YTD Price Performance: -11.17%
Average Trading Volume: 50,325
Technical Sentiment Consensus Rating: Buy
Current Market Cap: C$66.47M
Learn more about TRZ stock on TipRanks’ Stock Analysis page.