Transat AT V & VV (TSE:TRZ) has released an update.
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Transat A.T. Inc. experienced a challenging third quarter in fiscal 2024, reporting a revenue decrease to $736.2 million and a net loss of $39.9 million, compared to a net profit in the previous year. Despite industry pressures and increased competition, the company has initiated a comprehensive optimization plan, the Elevation Program, aimed at improving operational efficiency and achieving a $100 million improvement in annual adjusted EBITDA within the next 18 months.
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