Transat A.t. Inc. · TSX:TRZ
Transat A.t — Q1 2026 Earnings Presentation
15 slides from Transat A.t's earnings presentation, Mar 10, 2026
Slide 1: Results for the first quarter ended January 31, 2026 – Supplementary Disclosure
Results for the first quarter ended January 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 news release 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 Q1 2026
General Overview Q1 2026 4
Slide 5: Highlights Q1 2026
Highlights Q1 2026 $871M $34M Revenues Adjusted EBITDA1 ($29M) $247M Net Loss Free Cash Flow1 Adjusted EBITDA¹ Delivers Strong 68% Year-Over-Year Growth 1. Refer to Non-IFRS Financial Measures in the Appendix. 5
Slide 6: Operating Metrics
Operating Metrics ▪ Improvement across all operating metrics Key Indicators for Q1 2026 during the quarter, with higher year-over-year yields and load factors across the global and South South networks Versus 2025 Global Network (Main Network) ▪ Fifth consecutive quarter of year-over-year yield Load
Slide 7: Capacity Increase and Fleet Overview
Capacity Increase and Fleet Overview ▪ Capacity growth in 2026 is projected to be 5–7% Fleet Overview 2 in ASMs1, driven by a higher operational fleet as fewer aircraft are grounded 2025 2026 ▪ No planned aircraft deliveries in 2026 Winter Summer Winter Summer ▪ Two aircraft leases expected to expir
Slide 8: Summary
Summary ▪ First-quarter results show strong improvement year-over-year, demonstrating effective execution of the strategic plan ▪ Continued strength in revenue performance, with higher yields and load factors year-over-year across the network ▪ Meaningful improvement in Adjusted EBITDA1 and Net Inco
Slide 9: Financial Review Q1 2026
Financial Review Q1 2026 9
Slide 10: Financial Highlights
Financial Highlights ▪ Strong year-over-year financial performance, with revenue growth of 5% driven by higher traffic and improved yields ▪ Adjusted EBITDA¹ of $34M (3.9% margin), representing a $14M improvement compared to Q1 2025 ▪ Profitability benefiting from higher revenues and initiatives und
Slide 11: Q1 2026 Results
Q1 2026 Results ▪ Revenues increased by 5% year-over-year, driven by a 2.2% increase in traffic and a 1.4% improvement in yields Q1 2025 Q1 2026 ▪ Results include $5M in compensation from Pratt & Whitney related to aircraft grounded during the quarter $871M ▪ Adjusted EBITDA¹ reached $34M (3.9% marg
Slide 12: Financial Profile
Financial Profile ▪ Free cash flow¹ of $247M, representing a $118M increase compared to $129M in Q1 2025 $400M ▪ Strong improvement in cash flows from operating activities, $387M $375M increasing to $296M in Q1 2026 from $169M in Q1 2025 $345M ▪ Lower capital expenditures in Q1 2026 at $14M, compare
Slide 13: Appendix
Appendix 13
Slide 14: Debt Breakdown
Debt Breakdown Accounting Policies Facility Maturity date Sources of capital Type of instruments Carrying Considerations Amount (Fiscal Year) Accounts Amount Revolving Credit Facility Bank facilities Long-term debt 25 50 2028 - Interest rate: CORRA plus a premium of 4.5%. (1st lien secured) Long-ter
Slide 15: 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