Air Transat financial results 2026: revenue, adjusted EBITDA, net result & load factor

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Company-reported performance, unit economics, balance-sheet and fleet metrics from FY2022 to the latest published period. Metrics are in the same order as the Airline Comparison tool.

— metrics in this profile FY2022 → Q2 2026 Updated — Next results —

At a glance

Latest reported period

Metrics

Full-year history

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RReportedDirect company disclosure CCalculatedDerived from company figures GGroup-levelBroader than the airline entity DCompany-definedNon-standard measure —Missing dataNot stored, not disclosed or not applicable; see each cell

Analysis

What the numbers say

More detail

Additional disclosures

Guidance vs actual

Did the airline deliver?

What management guided at the start of each financial year compared with what was reported. Within the guided range = met; for cost metrics, below the range = beat.

Fleet & orders

Fleet composition

Key events

What moved the numbers

Peers

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FAQ

Frequently asked questions

Methodology

How to read this page

Every figure keeps the company’s own reporting period, currency, entity scope and terminology. Partial periods are not annualised, currencies are not converted and missing KPIs are not estimated. Core metrics follow the Airline comparison tool.

  1. Fiscal years are labelled by the calendar year in which they end (a year to 31 Mar 2025 appears as FY2025). The exact period end is shown in the first row, with a link to the source document.
  2. Quarters follow the company’s reporting calendar; the company’s own label is noted beneath the period.
  3. YoY change compares with the same period one year earlier: % change for amounts, percentage points (pp) for ratios. Green means favourable (for costs, a fall is favourable). n.m. = not meaningful.
  4. Operating margin uses operating profit or EBIT ÷ revenue. EBITDA, EBITDAR and their margins are separate disclosures and are not substitutes for operating profit or margin. Company-defined measures keep their source labels (marked D).
  5. Sources: annual reports, interim results and traffic statements. See Data & Research.

Quick answers

Is Air Transat profitable?

Yes. Air Transat reported an operating profit of C$9.8m in FY2025 (year to 31 Oct 2025), a 0.3% margin. In its latest reported period, it reported an operating loss of C$63.4m in Q3 FY26 (to 31 Jul 2026), a −8.0% margin. Quarterly and half-year results are seasonal, so the full-year figure is the better guide.

What was Air Transat’s revenue in 2025?

Air Transat reported revenue of C$3,398.5m in FY2025 (year to 31 Oct 2025). For Q3 FY26 (to 31 Jul 2026) it reported revenue of C$792.7m.

Company-reported figures from our airline database. Definitions, currencies and reporting periods differ between airlines; see the tables on this page and the comparison tool for detail.

Text version of the Air Transat data on this page

Air Transat data snapshot

  • Scope: Transat A.T. Inc., consolidated. Q3 FY26 = May–July 2026
  • Region: North America
  • Business model: Leisure travel
  • Financial year end: 31 Oct
  • Reporting currency: CAD
  • Source: Company quarterly results releases
  • Latest period: Q3 FY26 (May–Jul 2026)
  • Last updated: 2026-09-27

Latest read

Air Transat’s adjusted EBITDA fell to −C$0.9 million in Q3 FY2026 (May–July) from C$81.2 million a year earlier, as fuel costs rose C$105 million on a 56% higher fuel price. Revenue grew 3.4% to C$792.7 million and the net loss was C$106.6 million. The company also cites the Cuba flight suspension and Pratt & Whitney engine issues.

Reported metrics by period

Annual results

  • FY2025 (FY2025 · 31 Oct 2025): Revenue: C$3,398.5m (+3.5% YoY); EBITDA / EBITDAR: C$271.0m (Adjusted EBITDA; +33%); Operating profit / result: C$9.8m (Operating income); Operating margin: 0.3% (Operating income ÷ revenue) [Calculated]; Net profit: C$241.9m (Net income; adjusted net loss C$100.7m); Cash / liquidity: C$164.9m (Cash and equivalents); Gross debt incl. leases: C$200.8m (Long-term debt, down after the LEEFF restructuring). Source: Transat Q4 and FY2025 results release.
  • FY2024 (FY2024 · 31 Oct 2024): Revenue: C$3,283.8m (Revenue); EBITDA / EBITDAR: C$203.2m (Adjusted EBITDA); Operating profit / result: −C$12.7m (Operating result); Operating margin: −0.4% (Operating result ÷ revenue) [Calculated]; Net profit: −C$114.0m (Net loss; adjusted −C$127.7m); Cash / liquidity: C$260.3m (Cash and equivalents); Gross debt incl. leases: C$682.3m (Long-term debt). Source: Transat Q4 and FY2025 results release.

Quarterly and interim results

  • Q3 FY26 (May–Jul 2026) (Q3 FY26 · 31 Jul 2026): Revenue: C$792.7m (+3.4% YoY; 9M C$2,691.0m (+2%)); EBITDA / EBITDAR: −C$0.9m (Adjusted EBITDA; 9M C$11.9m (prior year C$199.6m)); Net profit: −C$106.6m (Net loss; EPS −C$2.60); Load factor: 84.7% (Load factor; −0.3pp); Capacity / ASK: +6% (Capacity growth); Yield: −1% (Yield change); Fuel / hedging: +C$105m (Year-on-year fuel cost increase; fuel price +56%); Cash / liquidity: C$243.0m (Cash and equivalents at 31 July); Gross debt incl. leases: C$447.7m (Long-term debt; net debt C$204.6m); Free cash flow: −C$301.8m (Free cash flow in the quarter). Source: Transat Q3 FY2026 results release.
  • Q3 FY25 (May–Jul 2025) (Q3 FY25 · 31 Jul 2025): Revenue: C$766.3m (Revenue); EBITDA / EBITDAR: C$81.2m (Adjusted EBITDA); Net profit: C$399.8m (Net income); Load factor: 85.0% (Load factor). Source: Transat Q3 FY2026 results release.
  • Q4 FY25 (Aug–Oct 2025) (Q4 FY25 · 31 Oct 2025): Revenue: C$771.6m (−2.2% YoY); EBITDA / EBITDAR: C$71.4m (Adjusted EBITDA; prior year C$128.4m); Operating profit / result: C$0.2m (Operating income; prior year C$64.7m); Net profit: −C$12.5m (Net loss; prior year +C$41.2m). Source: Transat Q4 and FY2025 results release.

Sources