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Transat AT V & VV (TSE:TRZ)
TSX:TRZ
Earnings Data
Report Date
Jun 12, 2025TBA Not Confirmed
Period Ending
2025 (Q2)Consensus EPS Forecast
-0.95Last Year’s EPS
-1.02Same Quarter Last Year
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Mar 13, 2025
|% Change Since: -8.98%
|Next Earnings Date:Jun 12, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mixed picture with revenue growth and operational improvements on one side and challenges like grounded aircraft and macroeconomic uncertainties on the other. While there were significant achievements in terms of revenue growth and operational efficiency, the increase in net loss and grounded aircraft issues highlighted ongoing challenges.Company Guidance
During the Transat conference call for the first quarter of fiscal year 2025, Annick Guerard, President and CEO, highlighted a 5.6% increase in revenue to $830 million and an adjusted EBITDA of $20 million, driven by positive yield developments, reduced fuel costs, and tight control over operating expenses. Revenue passenger miles grew by 1%, and yield improved by 1.7% year-over-year, despite a stable load factor. Available seat miles increased by 0.5%, indicating strategic capacity planning. The Elevation program is expected to contribute an annualized adjusted EBITDA of $37 million, aiming for $100 million by mid-2026. Despite engine issues with Pratt & Whitney GTF, the fleet remains at 44 aircraft for winter and 43 for summer. Network expansions include new routes to Berlin and Valencia, and a partnership with Air Europa. Operational improvements were noted, with on-time performance up by over four percentage points. The company remains focused on refinancing debt and enhancing financial stability amidst economic uncertainties, with ongoing negotiations for a new collective agreement with its pilot union.Revenue Growth
Revenue grew 5.6% to $830 million in the first quarter of fiscal 2025, driven by positive yields and reduced fuel costs.
Adjusted EBITDA Improvement
Adjusted EBITDA reached $20 million compared to negative $3 million in the same quarter last year.
Efficiency Gains from Technology
The Elevation program initiatives are on track to generate $100 million in adjusted EBITDA by mid-2026, with significant efficiency gains and cost savings achieved through technology and AI.
Operational Performance
On-time performance improved by more than four percentage points year-over-year, marking the third consecutive quarter of significant progress.
Cash Flow Improvement
Cash flow from operating activities totaled $169 million, up from $111 million in the first quarter last year.
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TSE:TRZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TRZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Mar 13, 2025 | C$1.67 | C$1.54 | -7.78% |
| Dec 12, 2024 | C$1.95 | C$2.04 | +4.62% |
| Sep 12, 2024 | C$1.96 | C$1.81 | -7.65% |
| Jun 06, 2024 | C$3.02 | C$2.90 | -3.97% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Transat AT V & VV (TSE:TRZ) report earnings?
Transat AT V & VV (TSE:TRZ) is schdueled to report earning on Jun 12, 2025, TBA Not Confirmed.
What is Transat AT V & VV (TSE:TRZ) earnings time?
Transat AT V & VV (TSE:TRZ) earnings time is at Jun 12, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TRZ EPS forecast?
TSE:TRZ EPS forecast for the fiscal quarter 2025 (Q2) is -0.95.
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