Transat AT Inc
TSX:TRZ

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Transat AT Inc
TSX:TRZ
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Price: 2.52 CAD -1.56% Market Closed
Market Cap: 101.8m CAD

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.

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Last Earnings Call
Fiscal Period
Q3 2025
Call Date
Sep 11, 2025
AI Summary
Q3 2025

Revenue Growth: Transat reported Q3 revenue of $766 million, up 4.1% year-over-year, in line with expectations.

Profitability Improvement: Adjusted EBITDA rose to $81 million from $48 million last year, with gains from the Elevation program, higher revenues, and lower fuel costs.

Debt Restructuring: Completed government debt restructuring, reducing long-term debt to $384 million and recording a $345 million onetime gain from debt extinguishment.

Capacity Expansion: Winter schedule will see a 5% to 7% capacity increase, driven primarily by the return of previously grounded aircraft.

Competitive Pressures: European routes faced increased competition and aggressive pricing, while South destinations saw strong demand and yield growth.

Yield Trends: Q4 yields are tracking 3.1% above last year but are trending downward due to heightened competition.

Positive Outlook on Cost Initiatives: Elevation program remains on track to deliver $100 million in adjusted EBITDA by mid-2026, with most initiatives implemented.

Consumer Trends: Noted increase in last-minute bookings and some softness in Q4 load factors, reflecting cautious consumer spending.

Key Financials
Revenue
$766 million
Adjusted EBITDA
$81 million
Net Income
$400 million
Adjusted Net Loss
$12 million
Cash Flow from Operating Activities
-$105 million
Free Cash Flow
-$122 million
Cash and Cash Equivalents
$357 million
Long-term Debt and Deferred Government Grant
$384 million
Yield
Up 2.6% YoY in Q3
Load Factor
85%
Capacity (Available Seat Mile)
Up 2.4% YoY
Customer Traffic (Revenue Passenger Miles)
Up 1% YoY
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