Record Adjusted EBITDA
Adjusted EBITDA improved by 33% year-over-year to an all-time record of $271 million, supported by efficient cost management and initial benefits from the Elevation optimization program.
Successful Network Expansion
Transat announced several new international routes, including a nonstop flight between Toronto and Tirana, Albania, and expansions into West Africa and South America, indicating a strategic focus on high-potential markets.
Debt Refinancing Achievement
Successful refinancing of government debt significantly reduced interest charges and strengthened the balance sheet, with long-term debt reduced from $803 million to $400 million.
Positive Booking Trends
During Black Friday and Cyber Monday, bookings increased by 11% compared to the previous year, setting a record high for the period.