Transat posts smaller first-quarter loss

Thu Mar 14, 2013 9:04am EDT
 
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(Reuters) - Canadian travel operator Transat AT Inc TRZb.TO reported a smaller first-quarter loss as higher selling prices helped shore up margins.

The net loss narrowed to C$15.1 million, or 39 Canadian cents per share, from C$29.5 million, or 77 Canadian cents per share, a year earlier.

(Reporting by Krithika Krishnamurthy in Bangalore; Editing by Saumyadeb Chakrabarty)

 
Jean-Marc Eustache, president and chief executive officer of Transat A.T. Inc. gestures during their annual general meeting in Montreal, March 15, 2012. REUTERS/Christinne Muschi