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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.
Q3 2026 revenue grew 3.4% year-over-year, but profitability deteriorated due to a 56% surge in fuel prices and persistent engine issues. TRZ posted a $107M net loss and negative $302M free cash flow.