The first upgraded cabins with expanded first/club/business class will arrive in 2027. The problem with TRZ isn't getting people in the door- revenue goes up every year, and global load factors are respectably high- it's that they aren't charging enough. Back when I ran restaurants, an old owner of...

Can anyone shed some light on how much collective insurance / long term disability costs? I'm assuming if salaries have increased, LTD premiums have as well. What options are given?

Company puts 9% to your 1%, did I read that correctly?

well obviously the company is burning cash faster than they generate revenue precisely because of the debt with it's huge interest rate and also because of the p&w engines trouble. THe last issue should be overcome by 2025-26. Without these 2 issues, the company would be making profits so their bus...

Over the years, TRZ has cut most of its domestic flying. They no longer operate out of western Canada. Even YYZ has lost flights to Florida and prime destinations such as BCN. Transat’s way out is to grow and outpace its climbing debt. That’s not going to happen if they cut routes, have a stagnant f...

I can see it go a bit like when Lynx went under. Orderly shutdown, 2-3 airlines divvy up the A321/A330 fleet directly with lessors and PKP steps in to buy the Transat brand for a relaunch. Pilots get hired by AC/WS/Porter and life goes on.

It’s only going to get worse for Transat as competition will keep getting more intense. None of their Canadian/international competitors (AF, BA, KLM, TAP, AC…) have any financial issues. Now that TRZ has retreated most of their operations to YUL/YYZ routes, they have become much more vulnerable. Im...

P&W is now beginning to pay out. Spirit is getting $8.9m USD in compensation per airplane, (Not all cash, I believe in some form of credits.) totalling some $230m. Transat will be getting a comparable amount per tail, which is supposed to offset the loss attributed to the defect by 100%. They got 2...

Covid lows were at $10. We're at $14. It still has to go lower and with the FED finally cutting rates and the recession in early 2025, I won't touch the stock before it hits those $10. I'll DCA from $10 to $7.5. I don't see any good news up until the recession is done. When you factor in 360 millio...

On a price basis, stock is low. But if you factor in share count, we still have a lot of room before we hit a Covid low. Share count when from 260 million shares prior COVID to 360 million shares now. Shareholders have all been diluted and hold a much smaller piece of the pie (than they think).

Reviving a 6 month old thread with an account who's only posts are to aggressively yell at Transat pilots. Weird, but anyways since I'm bored I'll bite. Beats doing drywall today and no golf for a few more hours.... Historically Transat posts profits in q1 and q2 less than 50% of the time, and in t...

How do you like your chances of getting a substantial raise now? Last quarter, Transat lost roughly 15 million from operations and paid 24 million in interests. Stock is trading near its ATL and market cap is around 100 million. Competition is fierce and flooding the market (CDG, LGW, LIS, FCO…). Fo...

AC pilots are paid twice every month for a total of 24 yearly. TRZ pilots are paid 26 times a year (every 2 weeks).

I feel like people overlook some very important points: -Transat is highly in debt. They were given a break on interest payments. That is now history since oct 31st. They have sold everything they have to sell, they don’t own anything else. -Most vulnerable compagnie is this high interest environne...

I feel like people overlook some very important points: -Transat is highly in debt. They were given a break on interest payments. That is now history since oct 31st. They have sold everything they have to sell, they don’t own anything else. -Most vulnerable compagnie is this high interest environnem...

How many pilots were in the seniority list when Covid hit and how many took early retirement packages?

Babar350 wrote: ↑Mon Oct 23, 2023 10:35 am

Brakefans wrote: ↑Sun Oct 22, 2023 9:38 am Some covenants have been suspended until the end of October, hopefully they negotiate something by then.

Which ones ?

covenants attached to bank loans, for a total on 130 million or so

If you had an offer to be the CFO of a company over 100x the size of your current ward, with a gigantic raise, you wouldn't take it? Pssst AC stock is also down exactly 40% since summer as well.... and Jazz -35%..... CJT -25%, United -45%, Delta -44%... virtually every public North American Airline...

CFO jumping ship. Never a good sign, maybe that’s why the stock is down 40% since this summer

According to the Q3 investors call, the engine issues are not a concern until 2025. They are currently working with PW/RTX regarding if and how many. Overall encouraging results, congrats to the management team to getting back to profit, and paying down debt. No debt has been paid down yet. 131M$ h...

According to the Q3 investors call, the engine issues are not a concern until 2025. They are currently working with PW/RTX regarding if and how many. Overall encouraging results, congrats to the management team to getting back to profit, and paying down debt. No debt has been paid down yet. 131M$ h...

Glad to see things turning around. Had their been any talk of how the PW1100 recall is going to effect AT? According to the Q3 investors call, the engine issues are not a concern until 2025. They are currently working with PW/RTX regarding if and how many. Overall encouraging results, congrats to t...

Transat almost has to pay more than the average since they score the lowest in terms of job security. Lifestyle is great at Transat? Imagine how great your schedules would be if YYZ-LGW/FCO wasn't flown by wet-leased A330s. What about the wetleased 737s, do they contribute to your great lifestyle as...

People coming on here and just crapping all over Transat new-hire pay clearly haven’t done any research. Up until 3 months ago, it was the best narrow body pay scale in Canada (yes better than AC). But because of the crappy benefits, the pilots have less money in their bank accounts and are less co...