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Last $6.48 USD
Change Today 0.00 / 0.00%
Volume 0.0
TRZBF On Other Exchanges
Symbol
Exchange
OTC US
OTC US
Toronto
Toronto
As of 8:10 PM 06/30/15 All times are local (Market data is delayed by at least 15 minutes).

transat a.t. inc-b (TRZBF) Key Developments

Transat Launches Winter Service Between Toronto and Paris Via Montreal

Transat A.T. Inc. announced that travellers will be able to fly from Toronto to Paris this winter due to the addition of new connecting flights to Montreal. Air Transat will also be offering a new Montreal-Toronto route allowing passengers to leave from Montreal and board Toronto flights for London, Manchester or Glasgow as well as a new Calgary-Vancouver route allowing passengers to leave from Calgary and board a Vancouver-London flight. The new flights between Toronto and Paris and Montreal and the United Kingdom (London, Manchester and Glasgow) will operate from Sunday to Thursday inclusively effective November 2015. Connecting flights will also be offered for Malaga, Spain for passengers travelling from Toronto to Montreal effective January 2016 and for three destinations in Portugal (Lisbon and Porto as of November 2015 and Faro as of January 2016) for passengers travelling from Montreal to Toronto, all destinations renowned for vacations under the sun. Air Transat will also be offering a new Calgary-Vancouver route this winter effective December 2015 allowing passengers to leave from Calgary and board a Vancouver-London flight on Mondays.

Transat AT, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2015; Provides Operating Expenses Guidance for the Year 2015

Transat AT, Inc. reported earnings results for the second quarter and six months ended April 30, 2015. For the quarter, the company's revenues were CAD 1.018 billion compared to CAD 1.118 billion a year ago. Operating loss was CAD 9.744 million, compared with CAD 13.029 million a year ago, despite higher operating expenses stemming from the combined impact of the US dollar and fuel prices. Adjusted operating profit was CAD 3.395 million, compared with CAD 4,000 a year ago. Profit before taxes was CAD 34.090 million compared to loss before taxes of CAD 9.958 million a year ago. Adjusted after-tax loss was CAD 9.016 million compared to CAD 9.470 million o a year ago. Adjusted net income attributable to shareholders was CAD 24.704 million or CAD 0.17 per share compared to loss of CAD 7.903 million or CAD 0.19 per share a year ago. Diluted earnings per share were CAD 0.64 compared to diluted loss per share of CAD 0.20 a year ago. Net income was CAD 24.7 million, compared with a net loss of CAD 7.9 million in 2014. Before non-operating items, the company reported a quarterly adjusted net loss of CAD 6.6 million in 2015 or CAD 0.17 per share compared with CAD 7.6 million or CAD 0.19 per share in 2014. For the six months, the company's revenues were CAD 1.807 billion compared to CAD 1.965 billion a year ago. Operating loss was CAD 57.235 million, compared with CAD 46.643 million a year ago. Adjusted operating loss was CAD 32.358 million, compared with CAD 23.888 million a year ago, the CAD 8.5 million increase being attributable in part to higher operating expenses stemming from the combined impact of the US dollar and fuel prices. Loss before taxes was CAD 53.784 million compared to CAD 44.325 million a year ago. Adjusted after-tax loss was CAD 53.119 million compared to CAD 40.619 million a year ago. Adjusted net loss attributable to shareholders was CAD 39.610 million or CAD 1.01 per share compared to loss of CAD 33.552 million or CAD 0.80 per share a year ago. Diluted loss per share was CAD 1.02 compared to CAD 0.87 a year ago. Net loss was CAD 39.6 million, compared with a net loss of CAD 33.6 million in 2014. The unfavorable variance in operating loss was mainly attributable to a lower number of travellers and lower margins on tours in France, due to weak market conditions. For the year 2015, if the Canadian dollar remains at its current value against the U.S. dollar, the euro and the pound, and if fuel prices remain stable, operating expenses will be down 4.4%.

Transat AT, Inc., Q2 2015 Earnings Call, Jun 11, 2015

Transat AT, Inc., Q2 2015 Earnings Call, Jun 11, 2015

Transat and Decameron Partner to Open Club Lookea in Haiti

Transat A.T., Inc. and Decameron have partnered to open the Club Lookea in Haiti. The brand new Royal Decameron Indigo Beach Resort and Club Lookea, exclusively offered by Transat Holidays, is located on the stunning Cote des Arcadins, an hour and 15 minutes from Port-au-Prince. Rated 4 stars or 4 "parasols," Club Lookea will be welcoming vacationers year-round from November 2015 onwards. Club Lookea's all-inclusive hotel-clubs have their own French animation teams working for Look Voyages. Packages include flights, transfers, accommodation, meals, drinks, sports and entertainment. Core product of Transat in France, Club Lookea has been available to Canadians since last year and is now offered at nine Transat Holidays hotels in the Dominican Republic, Mexico, Martinique, Cuba, Panama, Guadeloupe and soon Haiti. Since 2010, Transat has been working with Haiti's Ministry of Tourism to increase tourism development in this destination Air Transat has been serving with weekly flights for over 15 years. Transat also designed packages combining beach with discovery, which hundreds of travellers got to experience. The tour operator features a wide range of hotels, including 3, 3 1/2 and 4-star properties in Port-au-Prince and on the Côte des Arcadins.

Transat and Decameron to Open Club Lookéa in November 2015

As of November 2015, vacationers will be able to enjoy the Club Lookéa experience in Haiti, under the auspices of Transat and Decameron. The brand new Royal Decameron Indigo Beach Resort and Club Lookéa, exclusively offered by Transat Holidays, is located on the Côte des Arcadins. Club Lookéa's all-inclusive hotel-clubs have their own French animation teams working for Look Voyages. Packages include flights, transfers, accommodation, meals, drinks, sports and entertainment. Core product of Transat in France, Club Lookéa has been available to Canadians since last year and is now offered at nine Transat Holidays hotels in the Dominican Republic, Mexico, Martinique, Cuba, Panama, Guadeloupe and soon Haiti.

 

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Price/Sales 0.1x
Price/Book 0.6x
Price/Cash Flow 3.5x
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