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Transat reports quarterly loss on soaring fuel costs

Source: The Globe and Mail

Corporate EarningsEnergy Markets & PricesGeopolitics & WarTransportation & LogisticsBanking & Liquidity

Transat A.T. fell to a third-quarter loss and borrowed additional funds from the federal government. The Montreal-based leisure airline is facing sharply higher fuel costs linked to the war in Iran, increasing operating pressure and reliance on external liquidity.

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