Transat revenue up 2.2% in 2010

Transat revenue up 2.2% - financial highlights for the 12 months ended 31-Dec-2010:

• Revenue: USD831.4 million, +2.2% year-on-year;
• Operating profit (loss): (USD15.0 million), compared with a loss of USD12.7 million in p-c-p;
• Net profit (loss): (USD13.8 million), compared with a loss of USD14.3 million in p-c-p. [more]

* Based on the conversion rate CAD1 = USD1.02622

Transat: "For the second quarter 2011, the Corporation's capacity is approximately 9% higher than the actual capacity offered last year; bookings and load factors are superior to last year at the same date; and selling prices are similar. On the summer trans-Atlantic market, capacity and bookings are 10% higher than last year; load factors and selling prices are similar," Company statement. Source: Transat, 10-Mar-2011.