The following is a summary of the Transat A.T. Inc. (TRZBF) Q4 2024 Earnings Call Transcript:

Financial Performance:

• Transat reported an adjusted EBITDA of $194 million for fiscal 2024 with revenues amounting to $3.3 billion, marking an adjusted EBITDA margin of 5.9%.

• For Q4 2024, the company achieved an adjusted EBITDA of $123 million, up from $89 million in the corresponding quarter of the previous year.

Business Progress:

• Transat introduced two new destinations, Tulum, Mexico and Valencia, Spain, into their network, indicating growth in service areas.

• They have taken delivery of seven new aircraft in 2024, enhancing their fleet capabilities.

• Implemented initiatives under the Elevation program aiming for an annual run rate improvement of $25 million in adjusted EBITDA, progressing towards a target of $100 million by mid-fiscal 2026.

Opportunities:

• Transat is leveraging AI and new distribution capabilities to enhance operational efficiency and improve service offerings.

• They expect industry-wide capacity discipline to provide a positive backdrop, supporting better yield management.

Risks:

• Mentioned high economic uncertainty and the ongoing challenges with Pratt & Whitney engines that could influence operational predictability and costs.

More details: TRANSAT AT INC IR

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