Transat AT V & VV (TSE:TRZ) has released an update.
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Transat A.T. Inc. has reported an 11.8% increase in second-quarter revenue to $973.2 million despite a challenging market, with a net loss of $54.4 million and a reduced adjusted EBITDA. The company, known for its Air Transat brand, has seen sustained leisure travel demand but faced pressures including competition and operational inefficiencies. It has also advanced its growth strategy by investing in its fleet and repaying significant debt ahead of schedule.
For further insights into TSE:TRZ stock, check out TipRanks’ Stock Analysis page.
