Thursday Sep 11
The Globe and Mail
Transat profit drops amid increased competition
Canadian private airline company Transat's planeis pictured after arriving at Toussaint Louverture airport in Port-au-Prince Jan. 23. Canadian private airline company Transat's planeis pictured after arriving at Toussaint Louverture airport in Port-au-Prince Jan. 23. Transat A.T. Inc. is holding its own against heightened competition and added capacity from aggressive rivals, says the head of the tour package operator. "Everybody was saying, 'those guys are adding capacity like crazy and Transat will suffer,'" said Transat president and chief executive officer Jean-Marc Eustache Thursday after the company posted third-quarter earnings.
Thursday Sep 11
Transat A.T. Inc. - Results for Third Quarter 2014 - 'A very satisfying start to the season'
For the nine-month period: Revenues of despite the fact that the decline in value of the Canadian dollar alone resulted in an increase in operating expenses of per share on a diluted basis) in 2013. "In spite of the increase of more than 10% in the overall capacity on the transatlantic market, these are among the best third-quarter results we've ever posted," commented , Transat's President and Chief Executive Officer, adding: "In the entire history of the company, we've done better on only two occasions, including last year, which was a record.
Sep 11, 2014 10:00 Am Et Transat a.T. Inc. Webcast - Q3 Earnings Announcement
Transat A.T. Inc. is an integrated international tour operator with more than 60 destination countries and that distributes products in over 50 countries. A holiday travel specialist, Transat operates mainly in Canada and Europe, as well as in the Caribbean, Mexico and the Mediterranean Basin.