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inside the market
Friday’s analyst upgrades and downgrades
Air Transat self service check-in kiosks are seen at Montreal-Trudeau International Airport in Montreal, on Friday, July 31, 2020.
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Transat A.T. says winter travel season on track to match pre-pandemic levels
An Air Transat sign is seen in Montreal on May 31, 2016.T THE CANADIAN PRESS/Paul Chiasson
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Air Transat to borrow $100-million in federal government emergency loans
An Air Transat sign is seen in Montreal on May 31, 2016.T THE CANADIAN PRESS/Paul Chiasson
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Air Transat second-quarter loss deepens amid pandemic-related flight cancellations, soaring fuel prices
Air Transat aircraft sit on the tarmac at Pearson International Airport in Toronto, on Wednesday, April 8, 2020. Cole Burston/Bloomberg via Getty Images
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Fasten your seat belts: Annick Guérard has a daring plan for Transat’s survival
Annick Guérard finally took the controls at Transat in the midst of severe turbulence. Now she’s steering the company away from the vision of its long-time CEO. Can she bring it in for a safe landing? May, 2021
inside the market
Friday’s analyst upgrades and downgrades
An Air Transat Airbus A330 lands at Montreal's Trudeau Airport, Sunday, July 31, 2016.
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Airline industry still reeling from pandemic faces new challenge of soaring fuel prices
MONTREAL, Que. (26/05/2021) – Annick Guérard, the new CEO of Montreal-based Air Transat, poses for a portrait on May 26, 2021, at the Air Transat offices in Montreal, QC. Effective May 27, 2021, Guérard will be replacing the current CEO Jean-Marc Eustache. (Andrej Ivanov/The Globe and Mail)
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Air Transat and Porter Airlines sign code-share deal amid stiffening competition
Air Transat and Porter Airlines have signed a code-sharing agreement for the busy summer travel season that will give their customers a greater selection of connecting flights in Canada, the U.S. and internationally. A Porter airlines flight makes its final approach as it lands at the airport Tuesday July 2, 2019 in Ottawa. THE CANADIAN PRESS/Adrian Wyld
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Air Transat relaunching routes for summer travel season as COVID-19 pandemic restrictions ease
Air Transat aircrafts are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on Wednesday, April 8, 2020. THE CANADIAN PRESS/Paul Chiasson
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Transat cuts nearly 30% of flights as Omicron, government restrictions hit travel
The Air Transat planes are photographed at Pearson airport in Toronto, on Thursday, Sept., 10, 2020. (Christopher Katsarov/The Globe and Mail)
canada
Air Transat says it will deny boarding to passengers from maskless Sunwing party flight
An Air Transat sign is seen in Montreal on May 31, 2016.T THE CANADIAN PRESS/Paul Chiasson
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Canadian airline regulator’s stance on refunds aligned with execs’ requests from days earlier, emails show
A passenger rests on a suitcase in the departures terminal at Pierre Elliott Trudeau Airport in Montreal, Tuesday, December 31, 2019. THE CANADIAN PRESS/Graham Hughes
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Transat reports heavy net losses, but slows cash burn as bookings ramp up
Air Transat aircrafts are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on Wednesday, April 8, 2020. THE CANADIAN PRESS/Paul Chiasson
inside the market
Market movers: Stocks that saw action on Friday - and why
Air Canada planes are parked at Toronto Pearson Airport on April 28.
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Air Transat and WestJet sign codeshare deal for transatlantic travel
An Air Transat plane is seen at Pierre Elliott Trudeau International Airport in Montreal on Thursday, May 16, 2019. THE CANADIAN PRESS/Ryan Remiorz
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WestJet suspends nearly 300 employees not fully vaccinated for COVID-19
WestJet says it is indefinitely suspending operations to several east coast cities, as well as suspending operations between Toronto and Quebec City. A WestJet flight from Calgary arrives at Halifax Stanfield International Airport in Enfield, N.S. on Monday, July 6, 2020. THE CANADIAN PRESS/Andrew Vaughan
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Transat seeing steady demand for winter travel in spite of fourth wave of COVID-19
The Air Transat planes are photographed at Pearson airport in Toronto, on Thursday, Sept., 10, 2020. (Christopher Katsarov/The Globe and Mail)
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Péladeau walks away from Transat talks after takeover offer rejected
An Air Transat Airbus A330 lands at Montréal-Pierre Elliott Trudeau International Airport, Sunday, July 31, 2016. Air Transat plans to offer flights to nearly 50 destinations this winter as Canadians look to resume travelling after the industry came to standstill during the pandemic. THE CANADIAN PRESS/Graham Hughes
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Air Transat plans flights to nearly 50 destinations this winter as travel set to resume
Air Transat aircraft sit on the tarmac at Pearson International Airport in Toronto, on Wednesday, April 8, 2020. Cole Burston/Bloomberg via Getty Images
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Many Canadian airline customers still awaiting refunds for flights cancelled amid pandemic
With fewer flights departing, the departures level at Toronto Pearson International Airport's Terminal 1, is very quiet at the start of the week on Feb 1 2021.
inside the market
Market movers: Stocks that saw action on Thursday - and why
The CN Tower stands in the distance of a Bay Street sign displayed in Toronto on Tuesday, Feb. 5, 2013.
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Transat’s new CEO set to pilot airline’s postpandemic reinvention
MONTREAL, Que. (26/05/2021) – Annick Guérard, the new CEO of Montreal-based Air Transat, poses for a portrait on May 26, 2021, at the Air Transat offices in Montreal, QC. Effective May 27, 2021, Guérard will be replacing the current CEO Jean-Marc Eustache. (Andrej Ivanov/The Globe and Mail)
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Transat founder Jean-Marc Eustache exiting as chief executive; Annick Guérard tapped as new CEO
Air Transat CEO Jean-Marc Eustache smiles during a news conference following a special shareholders meeting in Montreal on Friday, Aug. 23, 2019. Eustache is retiring as chair and chief executive of Transat AT Inc., the travel company which he helped start and build. THE CANADIAN PRESS/Paul Chiasson
inside the market
Market movers: Stocks that saw action on Friday - and why
A CP Rail worker walks on the tracks near rail cars at the Port of Vancouver, on Wednesday, March 11, 2020.
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Péladeau abandons effort to buy Transat
(FILES) In this file photo taken on June 01, 2018, Air Transat jets prepare to take off at at MontréalPierre Elliott Trudeau International Airport in Montreal. - The Canadian government has provided Transat with up to Can$700 million (US$570 million) in loans to keep the nation's third-largest carrier flying after a precipitous drop in air travel during the coronavirus pandemic. "With this support, we now look forward to resuming operations as soon as safe travel is possible and travel restrictions can be lifted," company president Jean-Marc Eustache said in a statement on April 29, 2021. (Photo by Daniel SLIM / AFP) (Photo by DANIEL SLIM/AFP via Getty Images)
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Transat extends flight suspension until end of July due to COVID-19 travel restrictions
Air Transat aircraft are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on April 8, 2020. THE CANADIAN PRESS/Paul Chiasson
morning update newsletter
Morning Update: Ford’s top staffer knew of Phillips’s vacation; Former Supreme Court Justice to review military misconduct
Special Representative of the United Nations Secretary-General for International Migration Louise Arbour speaks during a press briefing after the closing session of UN Migration Conference in Marrakech, Morocco, Tuesday, Dec. 11, 2018. THE CANADIAN PRESS/AP-Mosa'ab Elshamy
canada
Evening Update: Former Supreme Court justice Louise Arbour to review misconduct in the military
Defence Minister Harjit Sajjan speaks on a livestream during a virtual news conference, in Ottawa, Thursday, April 29, 2021. Sajjan announced that former Supreme Court justice and United Nations high commissioner for human rights Louise Arbour to lead what it is billing as an independent review of the military’s handling of sexual assault, harassment and other misconduct. THE CANADIAN PRESS/Sean Kilpatrick
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How to apply for a refund from Transat for a cancelled or changed flight
Air Transat self service check-in kiosks are seen at Montreal-Trudeau International Airport in Montreal, on Friday, July 31, 2020. Travel company Transat AT Inc. says it has reached a deal with Ottawa to borrow up to $700 million through the Large Employer Emergency Financing Facility. THE CANADIAN PRESS/Paul Chiasson
inside the market
Market movers: Stocks that saw action on Thursday - and why
Oil barrels are pictured at the site of Canadian group Vermilion Energy in Parentis-en-Born, France, Oct. 13, 2017.
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Transat lands $700-million aid agreement with Ottawa
FILE PHOTO: An Airbus A330-200 aircraft of Air Transat airlines takes off in Colomiers near Toulouse, France, July 10, 2018. REUTERS/Regis Duvignau/File Photo
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Transat close to reaching aid deal with Ottawa, sources say
FILE PHOTO: An Airbus A330-200 aircraft of Air Transat airlines takes off in Colomiers near Toulouse, France, July 10, 2018. REUTERS/Regis Duvignau/File Photo
opinion
Ottawa takes a step toward renationalizing Air Canada
Konrad Yakabuski
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Transat’s largest shareholder rebuffs Pierre Karl Peladeau’s offer
Air Transat and an Air Canada aircrafts are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on Wednesday, April 8, 2020. Transat AT has reconfirmed its unanimous support for its proposed acquisition by Air Canada while issuing a clarification about a proposal from telecom owner Pierre Karl Peladeau. THE CANADIAN PRESS/Paul Chiasson
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Transat shares plunge after Air Canada takeover falls apart
Air Transat and an Air Canada planes are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on Wednesday, April 8, 2020. THE CANADIAN PRESS/Paul Chiasson
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Air Canada calls off $180-million takeover of rival Air Transat
Air Transat and Air Canada aircraft are seen on the tarmac at Montreal-Trudeau International Airport in Montreal, on Wednesday, April 8, 2020. THE CANADIAN PRESS/Paul Chiasson