Transat Swings To Q3 Loss

Transat AT Inc TRZBF swung to a Q3 loss. Transat posted a quarterly loss of C$2.9 million, or 8 Canadian cents per share, versus a profit of C$20.9 million, or 55 Canadian cents per share, in the year-ago period. On an adjusted basis, Transat earned 7 Canadian cents per share, versus analysts' estimates of 47 Canadian cents per share. Transat's quarterly revenue climbed to C$937 million from C$867 million. However, analysts expected revenue of C$952 million. Transat shares gained 0.40% to $8.15 in after-hours trading.