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MarketScreener Homepage  >  Equities  >  Toronto Stock Exchange  >  Air Canada    AC   CA0089118776

AIR CANADA

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Air Canada : Transat AT reports $11M loss as it works to complete Air Canada deal

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09/12/2019 | 08:18am EDT

MONTREALTransat AT Inc. reports it had an $11.0-million loss in its latest quarter as it worked to complete a takeover of the travel company by Air Canada.

The Montreal-based travel company says the loss amounted to 29 cents per share for quarter ended July 31 compared with a loss of $5 million or 13 cents per share in the same quarter last year.

On an adjusted basis, Transat reported a profit of $5.7 million or 15 cents per share for the quarter compared with an adjusted loss of $5.0 million or 13 cents per share a year ago.

Revenue in what was the company's third quarter totalled $698.9 million, up from $664.6 million.

Transat shareholders voted last month to approve the takeover of the company by Air Canada and a Quebec court has also signed off on the transaction.

However, the deal still faces regulatory hurdles. The company says it expects the agreement to close by the second quarter of the 2020 calendar year if the required regulatory approvals are obtained and conditions are met.

Companies in this story: (TSX:TRZ)

© 2019 The Canadian Press. All rights reserved., source Canadian Press DataFile

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Financials (CAD)
Sales 2019 19 322 M
EBIT 2019 1 702 M
Net income 2019 1 424 M
Debt 2019 3 705 M
Yield 2019 -
P/E ratio 2019 8,40x
P/E ratio 2020 8,50x
EV / Sales2019 0,77x
EV / Sales2020 0,69x
Capitalization 11 153 M
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Mean consensus BUY
Number of Analysts 15
Average target price 52,30  CAD
Last Close Price 44,01  CAD
Spread / Highest target 29,5%
Spread / Average Target 18,8%
Spread / Lowest Target -0,02%
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Managers
NameTitle
Calin Rovinescu President, Chief Executive Officer & Director
Vagn Ove Sørensen Chairman
Benjamin M. Smith COO & President-Passenger Airlines
Michael Stewart Rousseau CFO & Deputy Chief Executive Officer
Catherine Dyer Chief Information Officer
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