16Dec, 24 Air Transat parent secures C$37m compensation package for P&W engine woes | News
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Canada’s Transat AT, parent of Air Transat, reports a profitable fiscal fourth quarter boosted by a C$37 million ($26 million) compensation agreement with geared turbofan (GTF) engine maker Pratt & Whitney.
The Montreal-based company said on 12 December that it recorded a C$41 million fiscal fourth-quarter profit, compared with an C$89 million profit during the period ending 31 October of last year.
Revenue for the period was up about 3%, year on year, to C$789 million.
Chief executive Annick Guerard attributes the results to …