A Tough Year For Transat Holidays - Travel News
A Tough Year For Transat Holidays - Travel News
It was a tough 2011 for Transat AT Inc. Compared to a profit of $52.4 million in 2010, the Canadian tour operator based out of Montreal posted a fourth quarter loss of $4.5 million and a loss on the year of $12.2 million. Despite increased revenues of almost $30 million, the company missed their expectations partially due to restructuring and higher fuel costs combined with difficult economic conditions. Although they do still face a challenging 2012, the future looks bright and both travel agents and the traveling public shouldn't panic just yet.
from: http://ezinearticles.com/?A-Tough-Year-For-Transat-Holidays---Travel-News&id=6783528
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