Air Transat expects strong Q3

Eleanor Steed
By Eleanor Steed August 23, 2017 14:21

Air Transat expects strong Q3

Air Transat stated on Monday that it expected a much better third quarter than initially forecasted as revenues have proved to be very strong this summer. Transat projects the third quarter will be similar to the one it posted two years ago when adjusted net income was almost $27 million, rather than last year’s tally of just $2.5 million.

In 2016, Transat’s total revenue of $2.89 billion was 23% less than the company’s $3.75 billion in sales that it recorded for 2014. In the last fiscal year, the company also posted a loss of $41 million compared to profits in the previous three years.

Eleanor Steed
By Eleanor Steed August 23, 2017 14:21