Transat shows reduced Q2 loss despite higher fuel costs currency fluctuations

by The Canadian Press Posted Jun 8, 2017 7:19 am MDT Last Updated Jun 8, 2017 at 7:40 am MDT AddThis Sharing ButtonsShare to TwitterTwitterShare to FacebookFacebookShare to RedditRedditShare to 電子郵件Email Transat shows reduced Q2 loss despite higher fuel costs, currency fluctuations MONTREAL – Transat AT Inc. (TSX:TRX) says it has made progress on reducing its losses despite difficult market conditions that include higher fuel prices and currency fluctuations.The Montreal-based travel company says its net loss attributable to shareholders was $8.4 million or 23 cents per share in the second quarter of its fiscal year.A year earlier, Transat had a net loss of nearly $25 million or 68 cents per share.Revenue was down marginally at $884.3 million, compared with $888.2 million in the second quarter of fiscal 2016.Founded in 1987, Transat employs 5,000 people and operates in Canada, Europe, Mexico and the Caribbean. read more