MONTREAL—Transat AT Inc. executives have pledged to raise prices next summer after a spike in fuel costs sent the carrier on course to its least-profitable third quarter in a decade. Transat reported a loss of $4 million or 11 cents per diluted share for the third quarter, compared with a profit of $26.6 million or 72 cents per share in the same quarter last year. “Next summer, we can all anticipate that the pricing will include the price of fuel as it is today. Transat president and chief executive Jean-Marc Eustache expressed enthusiasm about the travel company’s long-term outlook, but remained cool on near-term prospects. The number of travellers was up 7.9 per cent in the sun destinations market while capacity rose 7.0 per cent, Transat said.

Source: thestar September 13, 2018 19:41 UTC