Transat A.t. Inc. · TSX:TRZ
Transat A.t — Q3 2026 Earnings Presentation
14 slides from Transat A.t's earnings presentation, Sep 10, 2026
Slide 1: Results for the third quarter ended July 31, 2026
Results for the third quarter ended July 31, 2026 Supplementary Disclosure
Slide 2: Forward-Looking Statements
Forward-Looking Statements This presentation contains certain forward-looking statements with respect to the Corporation, The forward-looking statements in this presentation are based on a number of assumptions including those regarding its results, its financial position and its outlook for the fut
Slide 3: Non-IFRS Financial Measures
Non-IFRS Financial Measures We report our financial results in accordance with IFRS. This presentation was provision for return conditions, changes in market price of CORSIA Eligible prepared using results and financial information determined under IFRS. In addition Emissions Units (carbon credits),
Slide 4: General Overview Q3 2026
General Overview Q3 2026 4
Slide 5: Highlights Q3 2026
Highlights Q3 2026 $793M ($1M) Revenues Adjusted EBITDA1 ($107M) ($302M) Net Loss Free Cash Flow1 Sustained higher fuel prices significantly reduced quarterly profitability 1. Refer to Non-IFRS Financial Measures in the Appendix. 5
Slide 6: Operating Metrics
Operating Metrics ▪ Capacity increased by 6.1% year-over-year Key Indicators for Q3 2026 ▪ Increase in ASMs driven by the transatlantic network, main summer program, up 8.4% Transatlantic Versus 2025 Global Network (Main Network) ▪ South network under pressure, mainly due to the suspension of flight
Slide 7: Capacity and Fleet Overview
Capacity and Fleet Overview ▪ Q4 2026 capacity to increase by 2% vs. 2025 Fleet Overview 1 ▪ Ongoing network optimization, with targeted capacity adjustments in the higher fuel price environment 2025 2026 ▪ Suspension of flights to Cuba Winter Summer Winter Summer ▪ Pratt & Whitney GTF engine issues
Slide 8: Summary
Summary ▪ Q3 operating performance affected by elevated fuel costs and yield pressure ▪ Competitive market conditions limited the recovery of higher fuel costs through fares ▪ Persistent Pratt & Whitney GTF engine issues continued to weigh on revenue management ▪ Adjusted EBITDA1 declined by $82M ye
Slide 9: Financial Review Q3 2026
Financial Review Q3 2026 9
Slide 10: Q3 2026 Results
Q3 2026 Results ▪ Revenues of $793M, up $26M or 3.4% year-over-year Q3 2025 Q3 2026 ▪ Traffic up 5.8% in revenue-passenger-miles, on capacity growth of 6.1% ▪ Yield down 1.0% year-over-year $793M ▪ Includes $7M in Pratt & Whitney compensation recorded during $766M the quarter, comparable to last yea
Slide 11: Financial Profile
Financial Profile Long-Term Debt and Deferred ▪ Free cash flow¹ of negative $302M, compared to Government Grant negative $122M in Q3 2025 $448M ▪ Higher cash used in operating activities, primarily reflecting lower $390M profitability ▪ Prior-year quarter benefited from $61M in proceeds from engine
Slide 12: Appendix
Appendix 12
Slide 13: Debt Breakdown
Debt Breakdown Accounting Policies Facility Amount Maturity date Sources of capital Type of instruments Considerations Carrying (Fiscal Accounts Available Used Unused Year) Amount Revolving Credit Facility Bank facilities Long-term debt 0 25 0 25 2028 - Interest rate: CORRA plus a premium of 4.5%. (
Slide 14: Non-IFRS Financial Measures
Non-IFRS Financial Measures The non-IFRS measures, non-IFRS ratios, total of segment measures, capital measures and/or other financial measures used by the Corporation are as follows: ➢ Adjusted operating income (loss) or Adjusted EBITDA1: Operating income (loss) before depreciation, amortization an