Transat A.T. Inc. reported a $61M Q1 net loss, up from $56.6M a year ago, due to flight attendant strike speculation impacting bookings.
Transat A.T. Inc. reported a $61M net loss in Q1, compared to a $56.6M loss a year ago, as revenue increased 18%. The Montreal-based travel company attributed the increased loss to persistent speculation of a potential flight attendant strike that affected bookings throughout their winter season. The strike speculation lifted when Transat adopted a new collective agreement.
March 14, 2024
7 Articles