Transat AT Inc banner

Transat AT Inc
TSX:TRZ

Watchlist Manager
Transat AT Inc Logo
Transat AT Inc
TSX:TRZ
Watchlist
Price: 2.94 CAD 0.68% Market Closed
Market Cap: CA$119.6m

Transat AT Inc
Investor Relations

Transat A.T., Inc. develops and markets holiday travel services in packages, including air travel and hotel stays, and air-only formats. The company is headquartered in Montreal, Quebec and currently employs 1,475 full-time employees. The firm's business consists of a Canadian leisure airline, offering international and Canadian destinations, and is vertically integrated with its other services of holiday packages, distribution through a travel agency network and services at travel destinations. The company is a provider of holiday travel particularly as an airline under the Air Transat brand. The company flies to international and Canadian destinations serving its customers at every stage of their trip or stay. Its air transportation program includes flight operations, operational control, aircraft maintenance, cabin operations, ground handling, cargo operations, and security. Its destination service provides a range of products for customers of outgoing tour operators. Its retail distribution consists of providing advice to travelers and selling consumer products. The company also has outgoing tour operators.

Show more
Loading
TRZ
S&P TSX Composite Index (Canada)
No Stocks Selected

Compare the stock's returns with its benchmark index and competitors. Gain insights into its relative performance over time.

Select Stock to Compare
Last Earnings Call
Fiscal Period
Q1 2026
Call Date
Mar 10, 2026
AI Summary
Q1 2026

Revenue: Revenues grew to $871 million, up 5% year‑over‑year, driven by a 2.2% traffic increase and 1.4% yield improvement.

Profitability: Adjusted EBITDA rose to $34 million (up 68% YoY), while GAAP net loss narrowed to $29 million ($0.73/share) from $122 million last year.

Cash strength: Operating cash flow improved to $296 million and free cash flow to $247 million, leaving cash and cash equivalents of $387 million and net cash of $12 million after recent repayments.

Operations: Fleet of 43 aircraft with 4 grounded in Q1 due to Pratt & Whitney GTF issues; grounded aircraft expected to fall to 3 by summer and be fully resolved by end‑2027/early‑2028.

Network & demand: Capacity up ~1% (ASMs) in Q1 and sun capacity +4.4%; management is diversifying into Europe, Africa and South America and launched new routes that are performing well.

Cuba disruption: Flights to Cuba suspended through April 30 due to anticipated fuel shortages; Cuba represented ~10% of winter season capacity and will negatively affect Q2 but management redeployed some capacity.

Elevation & loyalty: Elevation program driving ~ $70 million of the $100 million target embedded in P&L so far; new co‑branded loyalty program with Desjardins to launch H2 2026 to drive recurring revenue and market share.

Key Financials
Revenue
$871 million
Adjusted EBITDA
$34 million
Net loss
$29 million
Earnings per share
$0.73 per share (loss)
Adjusted net loss
$48 million
Available Seat Miles (capacity)
increased by 1%
Sun route capacity
increased by 4.4%
Load factor
81.5%
Traffic (revenue passenger miles)
up 2.2%
Yield
up 1.4%
Fleet size
43 aircraft
Grounded aircraft (GTF issues)
4 grounded in Q1; expected to decline to 3 by summer; full resolution by end‑2027/early‑2028
Operating cash flow
$296 million
Capital expenditures (Q1)
$14 million
Free cash flow
$247 million
Cash and cash equivalents
$387 million
Cash and cash equivalents + reserved
$528 million
Long-term debt and deferred government grants
$375 million
Post‑period long-term debt (after $30M repayment)
$345 million
Net cash / (net debt) position
$12 million net cash
Q2 capacity
approximately up 5% year‑over‑year
Full fiscal 2026 capacity guidance
approximately 5% to 7% growth
Q2 yields
tracking in line with last year's level
Q2 load factor variance
1.8 percentage points below prior year
Earnings Call Recording
Other Earnings Calls

Management

Ms. Annick Guerard
President, CEO & Director
No Bio Available
Mr. Joseph Adamo
Chief Sales & Marketing Officer
No Bio Available
Mr. Marc-Philippe Lumpe
Chief Airline Operations Officer
No Bio Available
Mr. Jean-Francois Pruneau
Chief Financial Officer
No Bio Available
Mr. Bamba Sissoko
Chief Information Officer
No Bio Available
Mr. Bernard Bussières
Chief Legal and Government Relations Officer & Corporate Secretary
No Bio Available
Ms. Julie Lamontagne
Chief People, Sustainability & Communications Officer
No Bio Available
Mr. Sebastian Ponce
Chief Revenue Officer
No Bio Available
Ms. Andrean Gagne
Senior Director of Communications & Corporate Affairs
No Bio Available

Contacts

Address
QUEBEC
MONTREAL
300 Leo-Pariseau St
Contacts
+15149871660.0
www.transat.com
Get AI-powered insights for any company or topic.
Open AI Assistant

Intrinsic Value is all-important and is the only logical way to evaluate the relative attractiveness of investments and businesses.

Warren Buffett