-- Transat A.T (TRZ.TO) on Wednesday said that it has revised its 2026 program, with targeted adjustments on certain routes, in response to the "unprecedented aviation fuel crisis and exceptional volatility in energy markets."
The company said that these measures are intended to optimize deployed capacity by prioritizing routes with the strongest performance outlook, as part of the company's ongoing operational discipline.
The changes implemented to date represent a 6% reduction in planned capacity from May to October 2026, said the company.
"Consistent with the rest of the airline industry, Transat has been facing significant fuel price volatility for several weeks, as well as supply constraints in certain regions, including Cuba," said the company and added that it has therefore adjusted its program by reducing the number of frequencies on some routes to Europe and the Caribbean and by extending the suspension of service to Cuba until October.
"The recent volatility in aviation fuel prices reflects an exceptional environment affecting the entire sector," said Annick Guerard, President and Chief Executive Officer. "We are closely monitoring the situation, as cost pressures continue to be felt across the industry. We will continue to optimize our program based on demand, which remains strong. Additional measures may be implemented depending on how the situation evolves, beyond our control."
The company's shares were last seen down $0.01 at $2.84 on the Toronto Stock Exchange.
Price: $2.82, Change: $-0.03, Percent Change: -1.05%