The travel company says the loss for the quarter ended
Revenue for what was the company's second quarter totalled
The parent company of Air Transat says the increase reflected sustained demand driven by a 12 per cent increase in traffic expressed in revenue-passenger-miles.
However, the company says it also faced intensified competition, inefficiencies resulting from an issue with the Pratt & Whitney GTF2 engine used by its aircraft, consequences of union strike threats and an economic slowdown.
On an adjusted basis, Transat says it lost
This report by The Canadian Press was first published
Companies in this story: (TSX:TRZ)
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