MONTREAL — Transat A.T. Inc. says it has secured an additional $250 million in emergency financing from the federal government as it deals with high fuel prices.
The new financing from the Canada Enterprise Emergency Fund is in addition to $150 million the travel company already received in federal aid to help offset the soaring price of jet fuel.
The parent company of Air Transat announced the money as it reported a loss of $106.6 million or $2.60 per share for the quarter ended July 1, with high fuel costs driving the results.
The loss for Transat’s third quarter compared with a profit of $399.8 million or $9.97 per share in the same quarter last year when it recorded a $345.1-million gain related to its long-term debt.
On an adjusted basis, Transat says it lost $2.18 per share in its latest quarter compared with an adjusted loss of 28 cents per share in the same quarter last year.
Revenue for the quarter totalled $792.7 million, up from $766.3 million a year ago.
This report by The Canadian Press was first published Sept. 10, 2026.
