|Bid||5.55 x 0|
|Ask||5.62 x 0|
|Day's Range||5.52 - 5.71|
|52 Week Range||4.68 - 17.00|
|Beta (5Y Monthly)||1.40|
|PE Ratio (TTM)||N/A|
|Earnings Date||Jun. 11, 2020|
|Forward Dividend & Yield||N/A (N/A)|
|Ex-Dividend Date||Dec. 29, 2008|
|1y Target Est||10.80|
MONTREAL , June 25, 2020 /CNW Telbec/ - Transat, one of the largest integrated tourism companies in the world and Canada's holiday travel leader, ranks 18th on the 2020 list of the Best 50 Corporate Citizens in Canada , established annually by Corporate Knights research firm. Corporate Knights evaluates companies' performance using up to 21 key indicators, including energy and water consumption, production of waste and atmospheric emissions, employee turnover, representation of women in executive management and on boards of directors, pension fund status, supply chain management and innovation.
Entering into 2020, Air Canada (TSX:AC) planned to grow its international services with the acquisition of Transat AT (TSX:TRZ). But the COVID-19 pandemic has put its plans on a back burner.The post Is the Air Canada Acquisition Delay a Sign of Denial? appeared first on The Motley Fool Canada.
Transat will resume some flights starting on July 23, operating 28 routes to Europe, the United States, the Caribbean and within Canada, as the company gradually relaunches operations.
The Air Canada (TSX:AC)-Transat AT (TSX:TRZ) deal looks highly uncertain in the current scenario. Who will benefit if the deal is cancelled?The post How Air Canada's (TSX:AC) Transat Deal Is Placed Amid the Crisis appeared first on The Motley Fool Canada.
/CNW Telbec/ - Transat A.T. Inc. is pleased to announce the resumption of its flights and tour operator activities as of July 23, 2020. It will offer a new flight schedule to 22 destinations in Europe, the South, the United States and Canada until the end of the summer season on October 31, 2020. The company will also offer South and Europe packages during this period and will gradually reopen travel agencies in its network starting June 15, 2020.
Decision by the European Commission to open an in-depth ("Phase II") investigation to assess the transaction with Air Canada. MONTRÉAL, June 11, 2020 /CNW Telbec/ - Transat A.T. Inc. ("Transat" or the "Corporation"), one of the largest integrated tourism companies in the world and Canada's holiday travel leader, announces its results for the second quarter ended April 30, 2020. "The extraordinary measures we were obliged to take, including the temporary layoff of 85% of our workforce, are aimed at preserving our cash flow to weather this period."
TORONTO — Some of the most active companies traded Monday on the Toronto Stock Exchange:Toronto Stock Exchange (15,075.42, up 161.78 points.)HEXO Corp. (TSX:HEXO). Health care. Up 21 cents, or 23.86 per cent, to $1.09 cents on 22.3 million shares.The Green Organic Dutchman Holdings. (TSX:TGOD). Health care. Up 9.5 cents, or 19.59 per cent, to 58 cents on 10.2 million shares.Bombardier Inc. (TSX:BBD.B). Industrials. Unchanged at 49.5 cents on 6.8 million shares.Zenabis Global Inc. (TSX:ZENA). Health care. Down one cent, or 6.25 per cent, to 15 cents on 5.9 million shares.Freegold Ventures Ltd. (TSX:FVL). Materials. Up six cents or 13.04 per cent, to 52 cents on 5.2 million shares.Enbridge Inc. (TSX:ENB). Energy. Up 19 cents, or 0.43 per cent, to $44.16 on 4.9 million shares.Companies in the news:Transat AT (TSX:TRZ). Down 57 cents or 7.6 per cent to $6.96. Transat AT has extended the timing of its acquisition by Air Canada after European regulators launched an in-depth investigation into the deal over concerns it may reduce competition and result in higher prices. The Montreal-based tour company that owns Air Transat said it informed Air Canada of its decision to delay the transaction date by one month until July 27 following the European Commission's extension to conduct a Phase 2 review. A preliminary European Commission investigation said it is worried the proposed deal could significantly reduce competition on 33 origin and destination city pairs between Europe and Canada.Vermilion Energy Inc. (TSX:VET). Down 25 cents or 3.5 per cent to $6.90. Shares in Vermilion Energy Inc. traded lower on Monday after the company announced the unexpected, immediate departure of its president and CEO Anthony Marino and its decision to go forward without a chief executive. Company chairman and co-founder Lorenzo Donadeo, who was CEO from 2003 to 2016, has been named executive chairman and will head up an executive committee to operate the oil and gas producer, Vermilion said. Curtis Hicks, who served as Vermilion's chief financial officer from 2003 to 2018, has rejoined the company as president, it said.This report by The Canadian Press was first published May 25, 2020.The Canadian PressNote to readers: This is a corrected story. A previous version had an incorrect closing figure for the Toronto Stock Exhange
MONTREAL, May 25, 2020 /CNW Telbec/ - Transat A.T. Inc. has taken note of the European Commission's decision to open an in-depth ("Phase 2") investigation to assess the proposed transaction with Air Canada. To take into account the resulting longer delays, Transat has informed Air Canada of its decision to activate the first one-month extension of the outside date set for the transaction, provided for in the Arrangement Agreement. It should also be noted that the transaction is subject to a public-interest assessment conducted by Transport Canada, whose report was submitted on May 1 to the Honourable Marc Garneau, Minister of Transport.
Know the deductions and tax credits available to lighten your financial burden in 2020. Saving on taxes is crucial now that unemployment in Canada is rising. The Transat stock is struggling as the company implements cost-saving measures, including layoffs.The post CRA Tax Deductions: 2 Crafty Ways to Reduce Your 2020 Tax Bill appeared first on The Motley Fool Canada.
MONTREAL — Transat A.T. Inc. plans to use the federal emergency wage subsidy to rehire 4,000 employees it had temporarily laid off after halting all flights due to the COVID-19 pandemic.Transat says the employees, 1,900 of whom are flight attendants, will not be required to work as part of their recall.The returning staff will receive 75 per cent of their baseline pay up to a maximum of $847 per week, as defined in federal legislation passed last week."Temporarily laying off a large majority of our employees was a necessary but heartbreaking decision," Transat CEO Jean-Marc Eustache said in a statement.Eustache added that he hopes the announcement will provide some comfort for staff, 80 per cent of whom had been laid off.On March 23, Transat announced it would lay off 3,600 workers as it suspended its entire Air Transat flight schedule, a move followed by 400 other furloughs.Since then the airline business has gone into a further tailspin as closed borders and travel controls cratered demand.The International Air Transport Association predicts revenues will fall by US$314 billion this year, or 55 per cent from 2019.This story by The Canadian Press was first published April 17, 2020.Companies in this story: (TSX:TRZ)The Canadian Press
MONTREAL , April 16, 2020 /CNW Telbec/ - Transat A.T. Inc. announces today its intention to make use of the Canada Emergency Wage Subsidy and to propose that its 4,000 employees who are currently temporarily laid off return to employment. On March 23 , Transat announced the temporary layoff of 70% of its staff when it was forced by the COVID-19 pandemic to temporarily suspend its flights. Employees who are recalled will receive 75% of their baseline remuneration as defined in Bill 14: A Second Act Respecting Certain Measures in Response to COVID-19, to a maximum of $847 per week.
The CRA is busy as a bee these days helping taxpayers with tax breaks and wage subsidies. The wave of temporary layoffs is also starting in the tourism and travel industry where the Transat stock belongs. The company is among the hardest hit by the outbreak.The post CRA Emergency Measures: $55 Billion in Tax Deferrals Earmarked appeared first on The Motley Fool Canada.
Refunding passengers for cancelled flights in the wake of COVID-19 would be an “unbearable task” for cash-strapped airlines as many opt to offer vouchers instead.
MONTREAL , April 2, 2020 /CNW Telbec/ - Air Transat is proud to donate more than 44,000 masks and 301,000 gloves to the Quebec Ministry of Health and Social Services to support the fight against the COVID-19 ...
"We must look at the Competition Bureau report with a bit of perspective, and not draw any direct conclusions from it with regard to the final decision." MONTREAL , March 27, 2020 /CNW Telbec/ - Transat A.T. Inc. has taken note of the Competition Bureau's advisory report, made public today. This report does not affect the company's confidence in the transaction with Air Canada, which will produce many long-term benefits for all stakeholders.
MONTREAL, March 27, 2020 /CNW Telbec/ - Air Transat, in collaboration with the Government of Canada, announces the deployment of special flights to Haiti and Honduras, as well as more flights to El Salvador and Guatemala in addition to those planned today. "Ever since the tightening of international borders, our flight operations have been dedicated to repatriating travellers to their countries of origin," says Jean-Marc Eustache, President and Chief Executive Officer of Transat. There will be a flight from Guatemala City to Montreal on Sunday, March 29, aboard an Airbus A330-200.
MONTREAL , March 25, 2020 /CNW Telbec/ - Air Transat announces the deployment of two special flights over the next few days to return Canadians stranded in El Salvador and Guatemala back home. These flights, ...
Airlines around the world may collapse and fail if governments do not intervene soon, an industry group is warning.
MONTREAL , March 23, 2020 /CNW Telbec/ - Transat A.T. Inc. announces that it has temporarily laid off about 70% of its workforce in Canada . The final Air Transat flight prior to the full suspension of its operations is scheduled for April 1 . On March 18 , as a result of the COVID-19 pandemic, Transat announced the gradual temporary halting of all its flights until April 30 .
Canadian airlines continued to suspend service on Wednesday, with Transat and Porter both announcing wide-sweeping cancellations, as Canada and the United States close their shared border to non-essential travel.
MONTREAL , March 18, 2020 /CNW Telbec/ - Transat A.T. Inc. announces today the gradual suspension of Air Transat flights until April 30 . This decision follows the Government of Canada's announcement that the country is closing its borders to foreign nationals, as well as similar decisions by several other countries where Transat operates.