Transat’s revenue is back in the black with the company reporting a net income of $399.8 million in its latest quarter compared with a loss of $39.9 million in the same quarter last year, the company reported late last week.
“Transat delivered improved operating and financial performances in the third quarter of fiscal 2025. Revenues grew 4.1%, driven by a 2.6% year-over-year yield improvement and a 1.0% passenger traffic increase,” stated Transat president and CEO Annick Guérard, adding, “The increase in revenue, combined with rigorous control of operating expenses and favourable fuel costs, resulted in improved operating profitability.”
The parent company of Air Transat, Transat A.T. Inc. reported the revenue for what was the company’s third quarter totalled $766.3 million, up from $736.2 million a year ago and that profit amounted to $9.97 per share for the quarter ended July 31, compared with a loss of $1.03 per share a year earlier.
“Looking ahead, economic uncertainty and capacity redeployment across the industry are posing short-term challenges for load factors, and we do not expect fuel costs to provide the same significant tailwind as they did so far this year. In this context, we are maintaining our focus on executing our business strategy through disciplined cost management, fleet optimization and network expansion,” said Guérard.
“As for the upcoming winter season, we are excited with our broader offering. With new destinations in South America and Türkiye, along with the extension of transatlantic services, we are pursuing our diversification strategy to offer more leisure travel options,” she added.
Meanwhile, for the nine-month period ended July 31, 2025, revenues reached $2,626.9 million, up 5.3% from $2,494.9 million in the corresponding period a year ago. For the nine-month period, yield increased 2.2%, traffic was up 1.2% and the Corporation recorded a financial compensation of $27.0 million related to the GTF engines. Network-wide capacity increased by 1.9% compared to the same period in 2024.
“With a significantly improved capital structure, we can concentrate more efficiently on carrying out our strategic plan and driving long-term operational progress,” said Jean-François Pruneau, Chief Financial Officer of Transat.
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