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Home›Business›Early summer travels boost Transat’s earnings, outlook

Early summer travels boost Transat’s earnings, outlook

By admin
August 22, 2017
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MONTREAL—Shares of Transat surged 10 per cent on Monday to the highest level since early 2015 after the travel company signalled that it is having a significantly more profitable summer season than it had expected.

The Montreal-based company’s shares rose to $8.79 in intraday trading on the Toronto Stock Exchange, up 83 cents from Friday’s close. The stock hasn’t traded above $8.80 since January 2015.

Transat said its third-quarter results will show “significantly higher” adjusted earnings than during the comparable period last year.

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