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Air Transat reports narrower loss, increased revenue, and significant debt reduction in Q2.
Transat A.T. Inc., parent of Air Transat, reported a narrower Q2 loss of $22.9 million compared to $54.4 million last year, with revenue up 5.9% to $1.03 billion.
The company also announced a deal to cut total debt to $334 million, after $380 million in debt forgiveness.
Adjusted earnings were 12 cents per share, up from an adjusted loss of $1.21 per share last year.
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Air Transat reporta pérdidas menores, mayores ingresos y una reducción significativa de la deuda en el segundo trimestre.