Transat AT V & VV (TSE:TRZ) has released an update.
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Transat A.T. Inc. ended the fourth quarter of fiscal 2024 with increased revenues and profitability, marking a promising start for their Elevation program. The company reported a net income surge to $41.2 million, driven by higher traffic, lower fuel costs, and compensation related to grounded aircraft. Despite a net loss for the fiscal year, Transat strengthened its liquidity through sale-leaseback transactions and aims for long-term growth through strategic initiatives.
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