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- Testing for coronavirus followed by quarantine and isolation requirements have been removed, w.e.f October 1, 2022.
- In Q2 2022, Air Canada reported operating revenue of C$ 3.98 billion.
- As of Q3 2022, the revenue for Transat A.T. Inc. was reported at C$ 508.3 million.
Lately, there has been the removal of all travel restrictions by the Government of Canada that were related to COVID-19. Moreover, testing for coronavirus followed by quarantine and isolation requirements have been removed, w.e.f October 1, 2022.
The removal of restrictions might make travelling easy. Also, it can help reduce the impact of COVID-19 on the travel industry overall.
As an investor, track the stock movements to be in a good space. Now, let us look at some of the stocks from the travel sector with Kalkine Media®.
Air Canada serves nearly 50 million passengers annually and flies US nationals on trips with a layover in Canada.
In Q2 2022, Air Canada reported operating revenue of C$ 3.98 billion, an approximately five times increase from the previous quarter.
For the quarter that ended June 30, 2022, the airline posted unrestricted liquidity of over C$ 10.5 billion.
With pandemic restrictions being eased earlier, the airline's operating capacity had witnessed about five times increase from the same quarter of the previous year.
Subsequently, there was an increase in the passenger revenue, which was reported at C$ 3.44 billion, with about an eight times growth from the corresponding quarter of the previous year.
Transat A.T. Inc. is a specialist in the travel industry specializing in holiday travel along with its organization, marketing, and distribution. Its products include hotel stays, vacation packages, and air travel.
Reportedly, Transat A.T. Inc. witnessed a recovery at the end of the last quarter. As of Q3 2022, the revenue for Transat A.T. Inc. was reported at C$ 508.3 million. Meanwhile, the cash and cash equivalents were C$ 411.3 million.
Reportedly, in Q3 2022, the airlines had customer deposits of C$ 585.6 million, representing 96 per cent of pre-pandemic levels. Moreover, there was an increase of 19 per cent over last quarter, reflecting the uptick in demand.
Gamehost Inc. operates in gaming properties and hospitality and involves different gaming segments such as VLT, lottery, and table games. The gaming segment contributes to most of the revenue generation for Gamehost Inc.
The C$ 175.8 million market capitalization company, Gamehost, announced a monthly dividend of C$ 0.03. Also, it had a dividend yield of 4.6 per cent.
Further, the earnings per share (EPS) were declared at C$ 0.54, along with a price-to-earnings (P/E) ratio of 14.5.
For the second quarter of fiscal 2022, Gamehost's operating revenue was C$ 17.9 million. The total assets and debt reported a decline and were calculated at C$ 186.9 million and C$ 58.2 million, respectively.
TWC Enterprises Limited is a leisure services provider with the brand name ClubLink One Membership More Golf. Under this, TWC Enterprises Limited carries out the core business of Golf club operations.
TWC Enterprises Limited paid a quarterly dividend of C$ 0.05 with a dividend yield of 1.19 per cent.
In Q2 2022, TWC Enterprises' operating revenue witnessed a growth and was reported at C$ 52.73 million. On the contrary, the net earnings saw a downfall and were reported at C$ 3,594 million.
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