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.