Transat AT V & VV ( (TSE:TRZ) ) just unveiled an announcement.
Transat A.T. Inc. has secured a new support agreement with the manufacturer of GTF engines for 2025 and 2026, which includes compensation for grounded aircraft costs. This agreement, similar to the previous one for 2023 and 2024, provides credits for products and services, including the purchase of spare engines, which Transat may monetize through financial transactions.
Spark’s Take on TSE:TRZ Stock
According to Spark, TipRanks’ AI Analyst, TSE:TRZ is a Neutral.
Transat AT V & VV’s overall stock score reflects significant financial challenges, including negative profitability and a leveraged balance sheet. Technical indicators show downward momentum, while valuation concerns persist with a negative P/E ratio. While the earnings call and corporate events indicate some operational improvements and enhanced financial stability, these positive developments are outweighed by broader financial and market challenges.
To see Spark’s full report on TSE:TRZ stock, click here.
More about Transat AT V & VV
Founded in Montreal 37 years ago, Transat is a globally recognized provider of leisure travel, operating primarily as an airline under the Air Transat brand. Known for its energy-efficient fleet, Transat employs 5,000 people and focuses on bringing people closer together through international travel.
YTD Price Performance: -18.62%
Average Trading Volume: 37,675
Technical Sentiment Signal: Buy
Current Market Cap: C$59.49M
For a thorough assessment of TRZ stock, go to TipRanks’ Stock Analysis page.