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Transat Group ends in red first quarter of the financial year 2004-2005

Ottawa, Canada - The Canadian firm owns charter airline Air Transat and several travel agencies

Canadian travel group Transat announced it ended in red the first quarter of the financial year 2004-2005 because of pricing pressures, thinner margins and some accounting changes. Transat, which owns charter airline Air Transat and several travel agencies, reported USD 1,5m loss in the first quarter ended January, 31, compared to USD 2,3m in the same period of the previous year.

AVIONEWS - World Aeronautical Press Agency - 116463
Rome, Italy, 03/16/2005 16:46
AVIONEWS - World Aeronautical Press Agency

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