The earnings call highlighted significant achievements such as revenue growth, debt restructuring, and operational improvements, which were tempered by challenges related to aircraft grounding, competitive pressures, and softening bookings for future quarters.

Company Guidance -

Q3 2025

During the Transat second quarter earnings call for fiscal year 2025, several metrics highlighted the company's performance and strategic initiatives. The quarter ended with a revenue increase of 5.9% to over $1 billion, and an adjusted EBITDA of $98.4 million, driven by favorable yields, lower fuel costs, and a $20 million noncash compensation from Pratt & Whitney. Customer traffic, measured as revenue passenger miles, rose by 1.6%, with a yield improvement of 2% year-over-year despite a slight decline in load factor to 84.6%. Capacity, expressed in available seat miles, increased by 2.6%. Transat also reached a refinancing agreement, reducing its debt with CEEFC from $773 million to $334 million, and announced a debt restructuring plan with a significant interest expense reduction, positioning the company for long-term strategic growth. Additionally, the elevation program initiatives are projected to generate an annualized adjusted EBITDA of $67 million, showing progress towards a $100 million target by mid-2026.

Revenue Growth

Revenue grew 5.9% to over $1 billion, driven by favorable yields, lower fuel costs, and tight control of operating expenses.

EBITDA Improvement

Adjusted EBITDA reached $98.4 million, a significant increase from the previous year, reflecting revenue growth and cost control.

Debt Restructuring Agreement

Transat reached an agreement to restructure its debt, reducing debt from $773 million to $334 million and extending maturity to 2035.

Elevation Program Progress

Initiatives from the elevation program are expected to generate annualized adjusted EBITDA of $67 million, with a target of $100 million by mid-2026.

Operational Performance

On-time performance improved year-over-year, and customer service at call centers further improved due to AI tool deployment.

Fleet and Network Expansion

Transat maintained a stable fleet of 43 aircraft and announced new routes to the Caribbean, Mexico, and Europe to increase revenue.

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

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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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