TRZ reports net loss as fuel prices surge 56% in Q3
Transat A.T. said third-quarter results were pressured by a 56% surge in fuel prices, resulting in a net loss despite revenue growth. The company also cited strengthened liquidity from government financing while pursuing initiatives including a loyalty program and premium cabin upgrades.
Third-quarter results were pressured by a 56% increase in fuel prices, resulting in a net loss even as revenue grew and demand held up. The company said a new loyalty program and premium cabin upgrades are in progress, while government financing has improved liquidity.