Transat Q1 FY2026 adjusted EBITDA rises 68% to CAD 33.6 million, net loss narrows to CAD 29.5 million

Reuters03-10

Transat Q1 FY2026 adjusted EBITDA rises 68% to CAD 33.6 million, net loss narrows to CAD 29.5 million

Transat reported Q1 FY2026 revenue of CAD 870.7 million, up 5%, driven by 2% traffic growth and a fifth consecutive quarter of yield improvement. Adjusted EBITDA rose 68% to CAD 33.6 million, supported by higher unit revenues and cost-control initiatives under the Elevation Program, partly offset by ongoing Pratt & Whitney GTF engine issues and operational disruptions in Jamaica from Hurricane Melissa. Net loss narrowed to CAD 29.5 million, while free cash flow increased 91% to CAD 246.6 million. Cash and cash equivalents were CAD 386.7 million, and long-term debt plus deferred government grant totaled CAD 375 million. For FY2026, Transat expects capacity to increase 5% to 7% versus FY2025, and said it temporarily suspended all flights to Cuba until April 30 due to an anticipated fuel shortage at destination airports.

Disclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. While PUBT strives to provide accurate and timely information, this AI-generated content is for informational purposes only and should not be interpreted as financial, investment, or legal advice. Transat A.T. Inc. published the original content used to generate this news brief via CNW (Ref. ID: 202603100800CANADANWCANADAPR_C6354) on March 10, 2026, and is solely responsible for the information contained therein.

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Adjusted EBITDA rose 68% to CAD 33.6 million, supported by higher unit revenues and cost-control initiatives under the Elevation Program, partly offset by ongoing Pratt &amp; Whitney GTF engine issues and operational disruptions in Jamaica from Hurricane Melissa. Net loss narrowed to CAD 29.5 million, while free cash flow increased 91% to CAD 246.6 million. Cash and cash equivalents were CAD 386.7 million, and long-term debt plus deferred government grant totaled CAD 375 million. For FY2026, Transat expects capacity to increase 5% to 7% versus FY2025, and said it temporarily suspended all flights to Cuba until April 30 due to an anticipated fuel shortage at destination airports.\n      </p>\n</div><div xmlns:xsd=\"http://www.w3.org/2001/XMLSchema\" xmlns:xsi=\"http://www.w3.org/2001/XMLSchema-instance\">\n<p>\n<i>Disclaimer: <span>This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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Adjusted EBITDA rose 68% to CAD 33.6 million, supported by higher unit revenues and cost-control initiatives under the Elevation Program, partly offset by ongoing Pratt & Whitney GTF engine issues and operational disruptions in Jamaica from Hurricane Melissa. Net loss narrowed to CAD 29.5 million, while free cash flow increased 91% to CAD 246.6 million. Cash and cash equivalents were CAD 386.7 million, and long-term debt plus deferred government grant totaled CAD 375 million. For FY2026, Transat expects capacity to increase 5% to 7% versus FY2025, and said it temporarily suspended all flights to Cuba until April 30 due to an anticipated fuel shortage at destination airports.\n      \n\n\nDisclaimer: This news brief was created by Public Technologies (PUBT) using generative artificial intelligence. 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