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Transat AT V & VV (TSE:TRZ)
TSX:TRZ
Earnings Data
Report Date
Mar 13, 2025TBA Not Confirmed
Period Ending
2025 (Q1)Consensus EPS Forecast
-2.04Last Year’s EPS
-2.11Same Quarter Last Year
Moderate Sell
Based on 2 Analysts Ratings
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Earnings Call Summary
Earnings Call Date:Dec 12, 2024
|% Change Since: -9.23%
|Next Earnings Date:Mar 13, 2025
Earnings Call Sentiment|Neutral
The earnings call presented a mix of positive outcomes, such as better-than-expected adjusted EBITDA and progress in strategic initiatives, alongside challenges like decreased yields and ongoing engine-related disruptions. While there is optimism about future performance improvements, caution is advised due to economic uncertainties.Company Guidance
During the Transat fourth quarter earnings call for fiscal year 2024, several key metrics and guidance were discussed. Transat reported an adjusted EBITDA of $123 million, exceeding expectations, driven by factors such as a 2.7% increase in customer traffic, a 4% rise in available seat miles, and lower fuel costs. The load factor was at 87.2% for the quarter, slightly down from the previous year, while customer satisfaction scores improved. The company received $34 million in compensation from Pratt & Whitney due to aircraft grounding issues and plans a cautious 2% increase in seat miles for fiscal 2025. Transat's Elevation program aims for a $100 million annual adjusted EBITDA improvement by mid-2026, with $25 million already achieved. The program's focus includes AI integration for revenue management and cost reduction initiatives. Additionally, Transat is expanding its network with new destinations and enhancing its partnership with Porter, which saw a 175% increase in connecting passengers in 2024.Better-than-Expected Adjusted EBITDA
Transat ended the year with an adjusted EBITDA of $123 million in the fourth quarter, driven by increased customer traffic, lower fuel costs, and financial compensation from Pratt & Whitney.
Elevation Program Progress
The Elevation program, aimed at strengthening operations and improving long-term performance, has already delivered $25 million in annual run rate improvement towards a $100 million target by mid-fiscal 2026.
Introduction of New Destinations
Transat is expanding its network with two new destinations: Tulum, Mexico this winter and Valencia, Spain next summer.
Improved On-Time Performance
A 7-percentage-point improvement in on-time performance was reported for Q4, attributed to the successful in-sourcing of services at Montréal-Trudeau.
Porter JV Expansion
The joint venture with Porter carried over 170,000 connecting passengers, a 175% increase compared to the previous year.
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TSE:TRZ Earnings History
The table shows recent earnings report dates and whether the forecast was beat or missed. See the change in forecast and EPS from the previous year.
Beat
Missed
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TSE:TRZ Earnings-Related Price Changes
Report Date | Price 1 Day Before | Price 1 Day After | Percentage Change |
|---|---|---|---|
| Dec 12, 2024 | C$1.95 | C$2.04 | +4.62% |
| Sep 12, 2024 | C$1.96 | C$1.81 | -7.65% |
| Jun 06, 2024 | C$3.02 | C$2.90 | -3.97% |
| Mar 14, 2024 | C$4.24 | C$3.97 | -6.37% |
Earnings announcements can affect a stock’s price. This table shows the stock's price the day before and the day after recent earnings reports, including the percentage change.
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FAQ
When does Transat AT V & VV (TSE:TRZ) report earnings?
Transat AT V & VV (TSE:TRZ) is schdueled to report earning on Mar 13, 2025, TBA Not Confirmed.
What is Transat AT V & VV (TSE:TRZ) earnings time?
Transat AT V & VV (TSE:TRZ) earnings time is at Mar 13, 2025, TBA Not Confirmed.
Where can I see when companies are reporting earnings?
You can see which companies are reporting today on our designated earnings calendar.
What companies are reporting earnings today?
You can see a list of the companies which are reporting today on TipRanks earnings calendar.
What is TSE:TRZ EPS forecast?
TSE:TRZ EPS forecast for the fiscal quarter 2025 (Q1) is -2.04.
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