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Transat AT V & VV (TSE:TRZ)
TSX:TRZ
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Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-1.99Last Year’s EPS
-2.11Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 13, 2018
|% Change Since: -5.13%
|Next Earnings Date:Sep 13, 2018
Earnings Call Sentiment|Neutral
Transat's earnings call presented a mixed picture with solid demand and strategic initiatives like the Elevation Program and the Porter joint venture showing potential for future growth. However, significant challenges such as decreased yields, net loss, operational inefficiencies due to engine issues, and financial constraints were highlighted, indicating ongoing pressures on profitability.Company Guidance
During the Q3 2024 earnings call for Transat (TRZ.TO), key guidance metrics were discussed, reflecting the challenging market environment. Customer traffic grew by nearly 3% in the third quarter and 10% for the first nine months, with a load factor of 86.2%. The yield decreased by 9.7% year-over-year, impacted by industry overcapacity and Pratt & Whitney engine issues, which led to five grounded aircraft in Q3. A financial compensation of USD 25 million was agreed upon with Pratt & Whitney. The company aims to enhance its annual adjusted EBITDA by $100 million over the next 18 months through the Elevation Program, focusing on revenue improvements, cost reductions, and operational efficiencies. Despite a net loss of $40 million for the quarter, adjusted EBITDA stood at $41 million, down from $115 million the previous year. The company plans to maintain a stable fleet of 43 aircraft in 2025, relying on route and frequency additions for growth.Customer Traffic Growth
Transat reported customer traffic growth of nearly 3% in the third quarter and 10% for the first 9 months of 2024, indicating solid demand for leisure travel.
On-Time Performance and Customer Satisfaction Improvement
Transat recorded a significant increase in on-time performance and an 8 percentage point increase in customer satisfaction year-over-year.
Porter Airlines Joint Venture Success
The joint venture with Porter Airlines showed promising results, with the number of connecting passengers doubling compared to the same period last year.
Financial Compensation from Pratt & Whitney
Transat agreed to a financial compensation of USD 25 million from Pratt & Whitney for grounded aircraft during the 2023-2024 period.
Elevation Program Initiatives
Transat launched the Elevation Program aiming to improve annual adjusted EBITDA by $100 million over the next 18 months through AI analytics, supplier management, and operational optimizations.
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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 |
|---|---|---|---|
| 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% |
| Mar 14, 2024 | C$4.24 | C$3.97 | -6.37% |
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 Mar 13, 2025, TBA Not Confirmed.
What is Transat AT V & VV (TSE:TRZ) earnings time?
Transat AT V & VV (TSE:TRZ) earnings time is at Mar 13, 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 (Q1) is -1.99.
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