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Transat posts soft third quarter
September 8, 2011
By The Canadian Press
By The Canadian Press
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
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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