13-Sep-2019 1:02 PM
Transat expects slightly better results in 4Q2019
Transat AT reported (12-Sep-2019) it expects its 4Q2019 to show a slight year-on-year improvement. The forecast is based on the following conditions:
- Transat's trans Atlantic market outbound from Canada and Europe accounts for a large portion of its business during the summer season, with 83% of capacity sold from Aug-2019 to Oct-2019. Load factors fell 0.9% compared to summer 2018, while booking prices are 2.1% higher;
- Transat's sun destinations outbound from Canada accounts for a lesser portion of its business during summer, with 83% of capacity sold and load factors up 5.6% year-on-year. Meanwhile, capacity for the company's sun destinations market during winter 2020 is up 9%, with 27% of capacity sold and load factors up 1.8%.
- The impact from currency variations and lower fuel costs in USD is not expected to significantly increase operating costs, provided aircraft fuel prices remain stable and the CAD maintains its current level against the USD, EUR and GBP. [more - original PR - English/French]