MONTREAL - Transat A.T. Inc. reported a loss of $79.0 million in its latest quarter as it was hit by rising fuel prices and a suspension of flights to Cuba.
The travel company says the loss amounted to $1.94 per diluted share for the quarter ended April 30.
The result compared with a loss of $22.9 million or 58 cents per diluted share in the same quarter last year.
Revenue totalled $1.028 billion for the quarter, down from $1.031 billion a year earlier.
On an adjusted basis, Transat says it lost $2.58 per share in its latest quarter compared with an adjusted profit of 12 cents per share in the same quarter last year.
Transat chief executive Annick Guérard says the results were disappointing as factors largely beyond the company's control severely impacted profitability.
This report by The Canadian Press was first published June 11, 2026.
Companies in this story: (TSX:TRZ)
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