The travel company says the profit amounted to $1.49 per diluted share for the quarter ended July 31, up from a loss of $2.82 per diluted share a year earlier
Revenue for the quarter totalled $746.3-million, up from $508.3-million in the same quarter last year.
On an adjusted basis, Transat says it earned $1.10 per share in its most recent quarter, up from an adjusted loss of $3.20 per share a year earlier. The average analyst estimate had been for an adjusted loss of nine cents per share, according to estimates compiled by financial markets data firm Refinitiv.
In its outlook for the year, Transat raised its target for adjusted earnings before interest, taxes, depreciation and amortization margin to between 7.5 per cent to eight per cent, up from a range of 5.5 per cent to seven per cent.Checking box will enable automatic data updates.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Social Security benefits could rise by more than $57 a month next yearThe Senior Citizens League (SCL) estimates Social Security’s cost-of-living adjustment, or COLA, will be 3.2% next year.
Read more »
UK economy contracts by larger-than-expected 0.5% in JulyLONDON (Reuters) - British economic output contracted by a larger-than-expected 0.5% in July, figures from the Office for National Statistics showed on ...
Read more »
UK economy shrinks in July amid bad weather and doctors' strikesLONDON (AP) — The British economy shrank by 0.5% in July amid a series of strikes, particularly by doctors at the start of their careers, and unseasonably wet weather, official figures showed Wednesday. The Office for National Statistics said the strikes by so-called junior doctors weighed on health sector activity, while the sixth wettest July on record hit retailers after a buoyant June, when business was brisk as a result of warm weather. Most economists downplayed the prospect that the Briti
Read more »
UK economy stumbles in July as strikes and rain weighMarket News
Read more »
Gold production in Peru down 2.5% in July, ministry reportsA roundup of all the mining news in the precious metals sector with a variety of company news, mining sector analysis, newsletter writer insights and executive interviews.
Read more »
CMHC says annual pace of housing starts fell 10% in JulyCanada Mortgage and Housing Corp. says the annual pace of housing starts in July fell 10 per cent compared with June when they posted their strongest showing so far this year.
Read more »