Transat AT Inc's recent earnings report reveals significant challenges as the company deals with rising fuel costs and competitive pressures.
On September 9, 2026, Transat AT Inc (TRZ.TO) reported its third-quarter earnings for the fiscal period ending July 31, 2026. The results were disappointing, with a notable earnings miss that has raised concerns among investors. The company's adjusted net loss of $2.18 per share fell short of analysts' expectations by 34.6%, highlighting the ongoing challenges in the travel industry.
Recent earnings trend
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Transat AT Inc
TRZ.TO
TRZ.TO
Transat AT Inc
WealthAwesomeMarket cap
$81.99M
52W high
$3.10
52W low
$1.78
1W change
+2.56%
Beta
1.06
Analyst Price Targets
Based on analyst covering TRZ · as of Sep 17, 2026
Wall Street analysts forecast TRZ stock price to fall 6.0% over the next 12 months.
Consensus
Moderately BearishBased on avg. target vs last close (formal rating unavailable for Canadian listings)
Avg. Target
C$1.88
-6.0% Upside
Current Price
C$2.00
Last close
Targets are snapshotted when they change. Unchanged figures keep their original date. Not financial advice.
Wealth Awesome Price Forecast
WA ModelStatistical 90-day price range based on TRZ's historical volatility
30-Day Vol
40.4%
Annualized
90-Day Vol
29.9%
Annualized
Trend (90d)
-50.0%
Annualized drift
90d Mean
C$1.66
Expected price
| Horizon | Expected | 68% Range (1σ) |
|---|---|---|
| 30 trading days | C$1.88 | C$1.63 – C$2.16 |
| 60 trading days | C$1.77 | C$1.45 – C$2.15 |
| 90 trading days | C$1.66 | C$1.31 – C$2.12 |
Methodology: Range is calculated using 30-day realized volatility via geometric Brownian motion (log-normal model). 68% band = ±1σ, 95% band = ±2σ. This is a statistical model, not a prediction. Past volatility does not guarantee future results. Not financial advice.
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Analyst coverage: 4 analyst(s) cover this name; upcoming EPS consensus is available.
Beat estimates in 1 of the last 4 comparable quarter(s).
| Fiscal period | Report date | Actual EPS | Estimate | Surprise |
|---|---|---|---|---|
| 2026-10-31 | 2026-12-17 | — | -2.2500 | — |
| 2026-07-31 | 2026-09-09 | -2.1800 | -1.6200 | -34.6% |
| 2026-04-30 | 2026-06-10 | -2.5800 | -0.6700 | -285.1% |
| 2026-01-31 | 2026-03-09 | -1.1800 | -1.3600 | +13.2% |
| 2025-10-31 | 2025-12-17 | -0.4200 | 0.2100 | -300.0% |
| 2025-07-31 | 2025-09-10 | -0.1200 | -0.1300 | +7.7% |
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Investor takeaway: Investors should be cautious as Transat AT faces significant headwinds from rising fuel costs and competitive pricing pressures. The company's focus on liquidity and capacity management may provide some stability, but the outlook remains uncertain amid fluctuating market conditions.
Transat's Q3 EPS of -$2.18 vs Estimated -$1.62
The company's EPS miss of 34.6% starkly contrasts with the prior year's adjusted net loss of $0.28 per share, indicating a significant deterioration in profitability amid rising costs.
Bull case
If Transat can effectively manage its operational disruptions and leverage its loyalty and premium-cabin initiatives, it may recover and improve profitability over time. The strength of its transatlantic network could also support revenue growth if fuel prices stabilize.
Bear case
Continued high fuel prices and fierce competition in the Canadian travel market could further squeeze Transat's margins. If the company struggles to adapt to these challenges, it may find it hard to regain investor confidence, leading to further declines in its stock price.
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