Revenue for the quarter totalled $746.3-million, up from $508.3-million in the same quarter last year.
On an adjusted basis, Transat says it earned $1.10 per share in its most recent quarter, up from an adjusted loss of $3.20 per share a year earlier. The average analyst estimate had been for an adjusted loss of nine cents per share, according to estimates compiled by financial markets data firm Refinitiv.
In its outlook for the year, Transat raised its target for adjusted earnings before interest, taxes, depreciation and amortization margin to between 7.5 per cent to eight per cent, up from a range of 5.5 per cent to seven per cent.Checking box will enable automatic data updates.
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