Loading
17-Dec-2010 12:47 PM

Transat revenue down 1.3% but profits up in FY2010

Transat revenue down 1.3% - financial highlights for the 12 months ended 31-Oct-2010:

  • Revenue: USD3481 million, -1.3% year-on-year;
  • Operating costs: USD3354 million, -2.3%;
  • Operating profit: USD126.9 million, +36.6%;
  • Net profit: USD65.3 million, +6.1%;
  • Total debt: USD669.4 million, +32.6%;
  • Net debt: USD417.7 million, +64.4%. [more]

*Based on the conversion rate at USD1 = CAD1.00504

Transat: “The summer of 2010 was our best ever, as our teams were able to generate excellent load factors on the transatlantic market, allowing us to offset the results recorded last winter, which had been difficult. Consequently, we end the year on a very positive note, with a much increased margin compared with 2009,” Jean-Marc Eustache, President and Chief Executive Officer. Source: Transat, 16-Dec-2010.

Want More News Like This?

CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find Out More