Last $8.49 USD
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Volume 250.0
As of 8:10 PM 07/24/14 All times are local (Market data is delayed by at least 15 minutes).

transat a.t. inc-b (TRZBF) Key Developments

Transat AT, Inc. Reports Earnings Results for the Second Quarter and Six Months Ended April 30, 2014

Transat AT, Inc. reported earnings results for the second quarter and six months ended April 30, 2014. For the quarter, the company's revenues were CAD 1.1 billion, an increase of 1% compared with 2013. Adjusted operating loss of CAD 4.0 million, compared with an adjusted operating profit of CAD 2.7 million in 2013, a decrease of CAD 6.7 million in spite of the fact that the decline in value of the Canadian dollar alone led to an increase in operating expenses of CAD 22.0 million. Adjusted net loss of CAD 7.6 million, compared with CAD 1.4 million in 2013. Net loss of CAD 7.9 million, compared with CAD 22.8 million in 2013; variance attributable in large part to the impact of fuel-hedging accounting. Result before taxes was CAD 9.958 million against CAD 30.288 million a year ago. Adjusted after-tax loss was CAD 9.470 million against CAD 1.137 million a year ago. Adjusted net loss attributable to shareholders was CAD 7.903 million against CAD 22.760 million a year ago. Diluted loss per share was CAD 0.20 against CAD 0.59 a year ago. Adjusted net loss per share was CAD 0.19 against CAD 0.04 a year ago. For the six month, the company's revenues of CAD 2.0 billion, compared with CAD 1.9 billion in 2013. Adjusted operating loss of CAD 27.8 million, compared with CAD 18.3 million in 2013, a decrease of CAD 9.5 million in spite of the fact that the decline in value of the Canadian dollar alone led to an increase in operating expenses of CAD 36.0 million. Adjusted net loss of CAD 30.8 million, compared with CAD 23.0 million in 2013. Net loss of CAD 33.6 million, compared with CAD 37.9 million in 2013. Result before taxes was CAD 44.325 million against CAD 50.430 million a year ago. Adjusted after-tax loss was CAD 40.619 million against CAD 30.075 million a year ago. Adjusted net loss attributable to shareholders was CAD 33.552 million against CAD 37.897 million a year ago. Diluted loss per share was CAD 0.87 against CAD 0.99 a year ago. Adjusted net loss per share was CAD 0.80 against CAD 0.60 a year ago.

Transat AT, Inc., Q2 2014 Earnings Call, Jun 12, 2014

Transat AT, Inc., Q2 2014 Earnings Call, Jun 12, 2014

Transat AT, Inc. Announces Board Changes

Transat A.T. Inc. announced the appointments of Raymond Bachand, Susan Kudzman and Tony Mignacca to the company's Board of Directors. The company announced that outgoing members of the Board are Messrs John Thompson and Dennis Wood. Mr. Bachand returned to the private sector, serving as Vice-President of Métro-Richelieu and then Culinar, before going to work for the Fonds de solidarité FTQ in 1994. He became its Chief Executive Officer in 1997 and held that post until 2001. He then spent three years as President of the consulting firm SECOR before returning to provincial politics in 2005. He was elected that year under the banner of the Liberal Party of Quebec and later appointed Minister of Economic Development, Innovation and Export Trade, an office he held until 2009. He subsequently became Minister of Finance, in 2009, and then served concurrently as Minister of Revenue from 2010 to 2012. He later held other political positions and eventually retired from public service on September 13, 2013. On January 20, 2014, he joined the law firm Norton Rose Fulbright as Strategic Advisor. Susan Kudzman is an actuary and specialist in risk management and human resources. She is currently a partner at Mercer Canada, where she was hired in 2011 to head the risk management practice. Tony Mignacca has been Chief Executive Officer and Chairman of the Board of SAIL Outdoors Inc. since 2009.

Transat A.T. Inc. Announces Earnings Results for the First Quarter Ended January 31, 2014; Provides Earnings Guidance for the Second Quarter of Fiscal 2014

Transat A.T. Inc. announced earnings results for the first quarter ended January 31, 2014. The company posted revenues of CAD 847.2 million compared with CAD 805.7 million for the same period in 2013, and an operating loss before amortization and depreciation of CAD 23.8 million compared with CAD 21.0 million in 2013. The increase in Revenue was attributable mainly to higher average selling prices and the strengthening of the euro and the pound against the Canadian dollar. Adjusted loss was CAD 31.1 million against CAD 28.9 million a year ago. Loss before taxes was CAD 34.4 million against CAD 20.1 million a year ago. Adjusted after-tax loss was CAD 23.3 million or CAD 0.60 per share against CAD 21.6 million or CAD 0.56 per share a year ago. Net loss attributable to shareholders was CAD 25.6 million or CAD 0.67 per diluted share against CAD 15.1 million or CAD 0.39 per diluted share last year. The operating loss before amortization and depreciation worsened mainly because of the recent rapid depreciation of the Canadian dollar against its U.S. counterpart. The company expects that its second quarter of fiscal 2014 results will be inferior to those posted for the corresponding quarter last year.

Transat AT, Inc. - Shareholder/Analyst Call

Annual and special meeting of shareholders

 

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