The earnings call highlighted significant financial and operational improvements, including revenue growth, debt restructuring, and operational efficiency gains. However, challenges such as a slight decline in load factor, aircraft grounding issues, and softness in fourth quarter bookings temper the optimism.

Company Guidance -

Q3 2025

During the Transat conference call for the second quarter of fiscal 2025, the company provided guidance emphasizing a 5.9% increase in revenue to over $1 billion and an adjusted EBITDA of $98.4 million, primarily driven by favorable yields, lower fuel costs, and a noncash compensation of $20 million from Pratt & Whitney. Despite a slight decline in the load factor to 84.6%, customer traffic expressed as revenue passenger miles increased by 1.6%, and capacity, expressed in available seat miles, rose by 2.6%. The company announced a significant debt restructuring, reducing debt with CEEFC from $773 million to $334 million, and introduced initiatives expected to generate an annualized adjusted EBITDA of $67 million by mid-2026. Transat also mentioned a strategic network expansion to include new routes to the Caribbean and Mexican markets and extended service to selected European markets year-round. Looking ahead, yields for the summer season are projected to be 1.7% ahead of last year, although some softness is anticipated for the fourth quarter due to economic uncertainty.

Revenue Growth

Revenue grew 5.9% year-over-year, reaching over $1 billion, driven by favorable yields, lower fuel costs, and a noncash compensation from Pratt & Whitney.

Debt Restructuring

Transat reached an agreement to restructure its debt, reducing it by half from $773 million to $334 million, enhancing financial flexibility and resilience.

Adjusted EBITDA Improvement

Adjusted EBITDA increased significantly to $98.4 million from $30 million in the second quarter of last year.

Operational Improvements

On-time performance improved year-over-year due to the in-sourcing of ground services and deployment of AI tools in call centers.

New Network Initiatives

New routes to high-potential markets like Guadalajara, Mexico, and expanded service to European markets were announced, expected to increase revenue and improve cost efficiency.

Positive Cash Flow and Financial Position

Cash flow from operating activities was $208 million, and free cash flow reached $271 million for the first half of fiscal 2025.

Transat AT V & VV (TSE:TRZ) Earnings, Revenues Date & History

The upcoming earnings date is based on a company’s previous reporting, and may be updated when the actual date is announced

Daily Earnings Calendar >

TSE:TRZ Earnings History

Report Date	Fiscal Quarter	Forecast / EPS	Last Year's EPS	EPS YoY Change	Slides	Play Transcript
Sep 11, 2025	2025 (Q3)	-0.28 / -	-1.1	―	―	―
Jun 12, 2025	2025 (Q2)	-0.89 / 0.12	-1.02	111.76% (+1.14)	―	―
Mar 13, 2025	2025 (Q1)	-2.04 / -1.90	-2.11	9.95% (+0.21)	―	―
Dec 12, 2024	2024 (Q4)	-0.31 / 0.67	0.41	63.41% (+0.26)	―	―
Sep 12, 2024	2024 (Q3)	-0.47 / -1.10	1.1	-200.00% (-2.20)	―	―
Jun 06, 2024	2024 (Q2)	-0.77 / -1.02	-0.21	-385.71% (-0.81)	―	―
Mar 14, 2024	2024 (Q1)	-1.16 / -2.11	-1.62	-30.25% (-0.49)	―	―
Dec 14, 2023	2023 (Q4)	-0.40 / 0.41	-2	120.50% (+2.41)	―	―
Sep 14, 2023	2023 (Q3)	0.15 / 1.10	-3.2	134.38% (+4.30)	―	―
Jun 08, 2023	2023 (Q2)	-0.63 / -0.21	-2.95	92.88% (+2.74)	―	―

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

TSE:TRZ Earnings-Related Price Changes

Report Date	Price 1 Day Before	Price 1 Day After	Percentage Change
Jun 12, 2025	C$2.80	C$2.48	-11.43%
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%

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.

FAQ

When does Transat AT V & VV (TSE:TRZ) report earnings?

Transat AT V & VV (TSE:TRZ) is schdueled to report earning on Sep 11, 2025, Before Open (Confirmed).

What is Transat AT V & VV (TSE:TRZ) earnings time?

Transat AT V & VV (TSE:TRZ) earnings time is at Sep 11, 2025, Before Open (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 (Q3) is -0.28.

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