Business
Transat A.T. Inc. Issues Letter to Shareholders and Encourages Shareholders to Vote for Transat's 8 Nominees Ahead of March 6 Deadline
Transat A.T. Inc. ("Transat" or the "Company") today announced that it has mailed a letter to shareholders outlining the Board's recommendation to vote the BLUE proxy in support of Transat's eight (8) nominees and the Company's ongoing turnaround plan that is delivering measurable results.
About this update from Transat A.t. Inc.
[{"type":"text","content":"MONTRÉAL, Feb. 25, 2026 /CNW/ - Transat A.T. Inc. ("Transat" or the "Company") today announced that it has mailed a letter to shareholders outlining the Board's recommendation to vote the BLUE proxy in support of Transat's eight (8) nominees and the Company's ongoing turnaround plan that is delivering measurable results.","length":354,"tagName":"p"},{"type":"text","content":"The letter, mailed to shareholders and available at votetransat.com, highlights Transat's turnaround momentum, strengthened balance sheet, improved financial results and disciplined execution of its clear strategy as Transat enters the next phase of its strategic plan.","length":273,"tagName":"p"},{"type":"text","content":""We thank the many shareholders who have already voted," said Susan Kudzman, Chair of the Board. "This is a pivotal moment for Transat. The Board remains focused on executing a clear plan that is delivering measurable results and positioning Transat for sustainable long-term value creation for the benefit of all shareholders."","length":353,"tagName":"p"},{"type":"text","content":"Letter Highlights Transat's Progress and Clear Path Forward","length":63,"tagName":"p"},{"type":"text","content":"In the letter to shareholders, Transat emphasizes several key developments:","length":75,"tagName":"p"},{"type":"list","items":[{"val":[{"type":"text","content":"A plan delivering results. Transat continues to execute its defined turnaround strategy, including the Elevation Program, which is on track to deliver $100 million uplift in adjusted operating income by mid-2026 through revenue optimization, cost discipline and operational efficiencies.","length":287,"tagName":"p"}]},{"val":[{"type":"text","content":"A materially stronger balance sheet. Following the July 2025 federal debt restructuring, Transat cut its government debt in half and lowered annual interest expense by approximately 90%, improving financial flexibility and protecting shareholder value.","length":252,"tagName":"p"}]},{"val":[{"type":"text","content":"Demonstrated performance momentum. Over the past 12 months, Transat's share performance has outpaced key benchmarks, reflecting improved operating performance and turnaround progress.","length":187,"tagName":"p"}]},{"val":[{"type":"text","content":"Right-sized, indus...