Transat A.T. V & Vv (TSE:TRZ) has released an update.
Transat A.T. Inc. has reported a 17.7% revenue boost in the first quarter of 2024, a notable increase driven by a 20% rise in traffic, despite facing a potential strike by flight attendants and increased competition, particularly in the Toronto market. Although the company saw a negative adjusted EBITDA and a net loss, it experienced positive free cash flow and reduced debt with the sale of an investment. The leisure travel company, amid industry-wide challenges like the Pratt & Whitney GTF engine issue, aims to limit capacity expansion and focus on its refinancing plan.
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