September 8, 2022 By The Canadian Press
MONTREAL — Transat A.T. Inc. reported a third-quarter loss that was smaller than a year ago as it said it is on track for a winter travel season that promises to match pre-pandemic levels.
Transat chief executive Annick Guerard said the pace of sales is currently very comparable to 2019.
The comment came as the travel company reported a net loss attributable to shareholders of $106.5 million or $2.82 per diluted share for the quarter ended July 31.
The result compared with a loss of $138.1 million or $3.66 per diluted share in the same period a year earlier.
Revenue for the quarter totalled $508.3 million, up from $12.5 million in its third quarter of 2021 when it had almost no operations.
On an adjusted basis, Transat said it lost $3.20 per diluted share in its most recent quarter compared with an adjusted loss of $3.06 per diluted per share a year ago.