Energy
Transat Confirms Approximately $105 Million in Additional Jet Fuel Costs in its Third Quarter
Transat A.T. Inc. (TSX: TRZ) ("Transat" or the "Corporation") today provided an update on the ongoing impact of higher jet fuel prices on its costs.
About this update from Transat A.t. Inc.
MONTREAL, Aug. 21, 2026 /CNW/ -- Transat A.T. Inc. (TSX: TRZ) ("Transat" or the "Corporation") today provided an update on the ongoing impact of higher jet fuel prices on its costs. Higher jet fuel prices resulted in approximately $105 million in additional costs during the third quarter compared with the same period in 2025. Since the prolonged closure of the Strait of Hormuz, the estimated cumulative impact of these higher fuel prices on the Corporation's costs has reached approximately $175 million at the end of the third quarter. According to recent industry assessments, including those by the International Air Transport Association (IATA), volatility in energy markets is expected to continue putting pressure on jet fuel costs across the industry in both the short and medium term. The Corporation's ability to pass higher fuel costs on to customers has, to date, remained very limited. The Company is actively engaged with the federal government to explore potential solutions in this regard. Caution Regarding Forward-Looking Statements This press release contains certain forward-looking statements regarding the Corporation, including statements relating to its results, financial position and future outlook. Forward-looking statements are identified by the use of words and expressions such as "expect," "anticipate," "plan," "believe," "estimate," "intend," "target," "project" and "forecast," as well as the negative forms of these terms and other similar expressions, including references to assumptions. All such statements are made pursuant to applicable Canadian securities legislation. These statements may include, without limitation, comments regarding strategies, expectations, planned activities or future actions, including financing solutions being considered by the Corporation and management's going-concern assumption. Forward-looking statements are, by their nature, subject to risks and uncertainties that could cause actual results to differ materially from those contemplated by such statements. Forward-looking statements may differ materially from actual results for a variety of reasons, including, without limitation, economic conditions; changes in demand due to the seasonality of operations; extreme weather conditions; climate-related or geological disasters; war; political instability; actual, planned or potential measures by governments reg...