Transat A.T. Inc. CEO Annick Guérard lost $489,500 in compensation due to pandemic funding conditions in 2023.

Federal loans to Transat A.T. Inc. cost CEO Annick Guérard nearly $500k in compensation; due to pandemic funding conditions, she lost $489,500 in 2023. Transat secured $743M in loans under Ottawa's Large Employer Emergency Financing Facility (LEEFF) program in 2021 & 2022 amidst pandemic-related travel restrictions. These loans capped total compensation for senior executives at 2019 levels or $1M if they joined the C-suite later.

March 21, 2024
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