Transat A.T. inc. (T:TRZ)
Business Focus: Guided Tour Operators
| Sector: Consumer Cyclicals | Industry: Leisure & Recreation |
| Company Contact | |
| Address: | 300 Leo-Pariseau Street MONTREAL QC H2X 4C2 |
| Tel: | 1-514-9871616 |
| Website: | https://www.transat.com |
| IR: | See website |
| Key People | ||
| Annick Guerard President, Chief Executive Officer, Director | Jean-Francois Pruneau Chief Financial Officer | Julie Lamontagne Chief People, Sustainability and Communications Officer |
| Bamba Sissoko Chief Information Officer | Joseph E. Adamo Chief Sales and Marketing Officer, President of Transat Distribution Canada | Debbie Cabana Director, Office of the President and Chief Executive Officer |
| Marc-Philippe Lumpe Chief Airline Operations Officer | Sebastian Ponce Chief Revenue Officer | Bernard Bussieres Chief Legal and Government Relations Officer, Corporate Secretary |
| Business Overview |
| Transat A.T. Inc. is a Canada-based integrated international tourism company specializing in holiday travel. The Company offers vacation packages, hotel stays and air travel under the Transat and Air Transat brands to some 60 destinations in more than 25 countries in the Americas and Europe. The Company's core business consists of a Canadian leisure airline, offering international and Canadian destinations, and is vertically integrated with its other services of holiday packages, distribution through a dynamic travel agency network and value-added services at travel destinations. It flies to international destinations in the Americas and Europe, and offers domestic and connecting flights within Canada, and carries some 5 million passengers every year. Its destination service offers a range of products for customers for outgoing tour operators, such as hospitality and representation, passenger transfers, excursions, tours, sports and other activities, and specialty services. |
| Financial Overview |
| For the three months ended 31 January 2024, TRANSAT AT Inc revenues increased 18% to C$785.5M. Net loss increased 8% to C$61M. Revenues reflect Americas segment increase of 18% to C$675.8M, Transatlantic segment increase of 16% to C$106.5M. Higher net loss reflects Salaries and employee benefits increase of 22% to C$123.5M (expense), Other airline costs increase of 38% to C$62.6M (expense). |
| Employees: | 5,037 as of Oct 31, 2023 |
| Reporting Currency: | Canadian Dollars |
| Enterprise value: | $1,586M as of Jan 31, 2024 |
| Annual revenue (TTM): | $3,166M as of Jan 31, 2024 |
| EBITDA (TTM): | $266.01M as of Jan 31, 2024 |
| Net annual income (TTM): | -$29.66M as of Jan 31, 2024 |
| Free cash flow (TTM): | $141.12M as of Jan 31, 2024 |
| Net Debt Last Fiscal Year: | $1,350M as of Jan 31, 2024 |
| Shares outstanding: | 40,993,484 as of Mar 13, 2024 |
| TTM: Trailing Twelve Months EBITDA: Earnings Before Interest, Taxes, Depreciation, & Amortization | |
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