Transat A.T. (TSE:TRZ) Issues Earnings Results

Posted by on Jun 13th, 2026

Transat A.T. (TSE:TRZ – Get Free Report) announced its earnings results on Thursday. The company reported C($2.58) earnings per share (EPS) for the quarter, FiscalAI reports. The firm had revenue of C$1.03 billion during the quarter. Transat A.T. had a net margin of 8.11% and a negative return on equity of 41.23%.

Here are the key takeaways from Transat A.T.’s conference call:

  • Transat said Q2 results were significantly below expectations, with adjusted EBITDA of negative CAD 21 million versus positive CAD 98 million a year ago, as external shocks hit profitability.
  • Management estimated that higher fuel costs from the Strait of Hormuz disruption hurt Q2 by about CAD 70 million, while the sudden suspension of Cuba operations reduced results by another CAD 25 million.
  • Revenue was relatively stable at CAD 1.003 billion, supported by 3.9% traffic growth, but load factor slipped to 83.8% and yield declined 0.7% as pricing power weakened.
  • The company continued to face GTF engine issues, with five aircraft grounded at quarter-end and full resolution not expected until early 2028, creating ongoing operational inefficiencies.
  • Transat said it will apply to Canada’s LASER liquidity facility, which could provide up to CAD 150 million of support, while it also reduced net debt and ended Q2 with a net cash position of CAD 70 million.

Transat A.T. Stock Down 0.8%

Shares of TSE TRZ opened at C$2.39 on Friday. The stock has a market cap of C$97.42 million, a P/E ratio of 0.30, a PEG ratio of -0.04 and a beta of 1.55. The company has a current ratio of 0.63, a quick ratio of 0.76 and a debt-to-equity ratio of -186.46. Transat A.T. has a 12-month low of C$2.11 and a 12-month high of C$3.25. The business’s fifty day simple moving average is C$2.64 and its 200-day simple moving average is C$2.58.

Wall Street Analysts Forecast Growth

TRZ has been the topic of a number of research analyst reports. National Bank Financial lowered Transat A.T. from a “sector perform” rating to an “underperform” rating and cut their target price for the company from C$3.00 to C$2.25 in a research report on Wednesday, May 27th. TD cut their target price on Transat A.T. from C$2.50 to C$2.25 and set a “hold” rating on the stock in a research report on Friday. Three investment analysts have rated the stock with a Hold rating and three have issued a Sell rating to the company’s stock. According to MarketBeat, Transat A.T. currently has a consensus rating of “Reduce” and a consensus target price of C$2.61.

Read Our Latest Stock Analysis on TRZ

About Transat A.T.

(Get Free Report)

Air Transat is a leading travel brand voted 2025 World’s Best Leisure Airline by passengers at the Skytrax World Airline Awards. Its program offers access to international destinations, mainly in Europe, the Caribbean, the east coast of the United States, South America and North Africa. Air Transat is recognized for its excellent customer service. Its fleet includes some of the most energy-efficient aircraft in their category. Based in Montreal with major hubs in YUL Montréal-Trudeau International Airport and Toronto Pearson Airport (YYZ), it has 5,000 employees with a common purpose to bring people closer together.

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Earnings History for Transat A.T. (TSE:TRZ)

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