Transat AT (TSX:TRZ) Revenue Drops 96% YoY

 

  • The Montreal-based tour operator’s revenues plunged by $238.1M in Q4 2020.
  • The adjusted loss stood at $156.4 million as compared to adjusted profit of $30.1 million a year ago.
  • The travel company’s operations have been impacted by the pandemic.
  • Air Canada is set to takeover Air Transat following regulatory approvals by February 15.

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