Transat Swings To Q3 Profit

Canada's Transat AT TRZBF swung to a profit in the third quarter. Transat's quarterly net income attributable to shareholders came in at C$9.4 million, or 25 Canadian cents a share, versus a year-ago loss of C$2.8 million, or 7 Canadian cents a share. Its revenue dropped 3% to C$909.1 million. Transat shares closed at $4.11 yesterday.