Wings Magazine

Transat posts soft third quarter

Sept. 8, 2011, Montreal - Transat A.T. Inc. tumbled to a loss in the third quarter as the tourism operator grappled with higher fuel prices and various difficulties in the travel market.

September 8, 2011  By The Canadian Press

The Montreal-based company posted a net loss of $2.9 million, or eight cents per share.

That's down from a profit of $20.9 million, or 55 cents per share a year earlier.

The company said part of the challenge during the quarter was offsetting a 30 per cent increase in fuel costs.

Revenue rose to $937 million from $867.3 million.



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