Transat 2QFY2016 results 'could be lower than those posted in 2015'

Transat VP finance and CFO Denis Petrin forecast (10-Mar-2016) the company's 2QFY2016 results "could be lower than those posted in 2015". On the transatlantic market, 30% of seats have been sold, and load factors are lower by 2.2% compared with 2015. Transat expect costs to be 4.6% lower, assuming unchanged fuel costs and Canadian dollar value, and selling prices to date are down by 2.5%. [more - original PR]