MONTREAL — Transat A.T. Inc. reported a net loss of almost $61 million in its latest quarter compared with a net loss of about $56.6 million a year ago as revenue climbed by almost 18 per cent.
The Montreal-based travel company says its first-quarter net loss amounted to $1.58 per share compared to $1.49 per share a year ago.
Revenue for the period ended Jan. 31 amounted to $785.5 million, up from $667.5 million a year prior. On an adjusted basis, Transat says it lost $2.11 per share in its latest quarter compared with an adjusted loss of $1.62 per share a year ago. The company says the quarter was impacted by persistent speculation around a potential flight attendant strike that affected bookings across its winter season.This report by The Canadian Press was first published March 14, 2023.
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