Travel company Transat A.T. reported a Q2 loss of $54.4 million due to increased competition and engine issues.
Travel company Transat A.T. reported a Q2 loss of $54.4 million, with revenue up nearly 12% from the previous year to $973.2 million. This was driven by a 12% increase in traffic expressed in revenue-passenger-miles, but the company faced intensified competition and inefficiencies due to an issue with the Pratt & Whitney GTF2 engine used by its aircraft.
June 06, 2024
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