India, June 11 -- On Thursday, Transat A.T. Inc. (TRZ_B.TO,TRZ.TO), a leisure travel service provider, reported wider net loss in the second quarter of 2026, and adjusted EBITDA turned negative. The results were hurt by material increase in aviation fuel prices as well as lower revenue from the suspensions of flights to Cuba, despite higher traffic.
Looking ahead for fiscal year 2026, the corporation expects a 4 percent to 5 percent increase in capacity, measured in available seat-miles, compared to 2025.
Net loss for the second quarter went up to C$78.99 million, from a loss of C$22.88 million in the same quarter last year. Net loss per share was C$1.94, compared to a loss of C$0.58 in the previous year.
Adjusted net loss was C$105.00 m...