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Transat AT Inc. reported a loss in its latest quarter compared with a profit a year ago as it was hit by rising fuel prices.
The travel company says it lost $4.0 million or 11 cents per diluted share for the quarter, compared with a profit of $26.6 million or 72 cents per share in the same quarter last year.
Excluding non-operating items, Transat reported an adjusted loss of $3.0 million or eight cents per share for the quarter compared with an adjusted profit of $26.9 million or 73 cents per share a year ago.
Revenues in what was the company's third quarter totalled $696.6 million, down from $733.2 million in the same quarter in 2017 when its results included $77.0 million from its Jonview subsidiary, which was sold last November.
Transat says the number of travellers was up 11.5 per cent in the transatlantic market, while capacity increased by 13.9 per cent.
The number of travellers was up 7.9 per cent in the sun destinations market while capacity rose 7.0 per cent.
