)
Edge31 Oct 2025
Rolls-Royce: Full Thrust Ahead
From century-old crafted perfection to pandemic shock and reset, Rolls-Royce's story is shaped by heritage, turbulence, and a disciplined climb back.
Transat A.T. (TRZ) investor relations material
Transat A.T. Q3 2025 earnings summary
Complete event summary combining all related documents: earnings call transcript, report, and slide presentation.Q3 2025 earnings summary11 Sep, 2025
Executive summary
Revenue for Q3 2025 increased 4.1% year-over-year to $766.3M, with adjusted EBITDA rising to $81.2M, reflecting improved operating and financial performance and a 10.6% margin.
Net income was $400M, including a $345M one-time gain from long-term debt restructuring, compared to a net loss of $40M last year.
The Elevation Program is on track to deliver $100M in annual adjusted EBITDA by mid-2026, with cost reductions and revenue growth.
Sale-leaseback transactions for engines generated up to $62M, supporting debt reduction, liquidity, and operations.
Operational discipline led to improved on-time performance, despite ongoing challenges from grounded aircraft due to Pratt & Whitney engine issues.
Financial highlights
Adjusted EBITDA rose to $81.2M from $48M last year, driven by higher revenues, productivity gains, and lower fuel prices.
Adjusted net loss was $11.8M ($0.28/share), improved from $36M ($0.93/share) last year.
Free cash flow for Q3 was negative $122M, an improvement from negative $169M last year.
Cash and equivalents stood at $357M as of July 31, 2025.
Net debt as of July 31, 2025, was $1,411M, down from $2,017M as of October 31, 2024.
Outlook and guidance
Q4 load factors are tracking 1.2 percentage points below last year, with yields 3.1% higher but trending downward due to aggressive competition.
Fiscal 2025 capacity is projected to grow by 1.0%, with winter 2026 capacity expected to increase by 5-7%.
Lower fuel price benefits are expected to diminish in Q4, but Elevation Program benefits and reduced interest charges are anticipated.
Remains cautious due to economic and geopolitical uncertainty, competitive pressures, and industry capacity redeployment.
Focus remains on disciplined cost management, fleet optimization, and network expansion.
Quantify P&W engine issue financial impact?
How will Elevation benefits ramp up?
How will winter capacity growth be absorbed?
Partial view of Summaries dataset, powered by Quartr API
Research faster. Power your platform.
Next Transat A.T. earnings date
Q4 202517 Dec, 2025
Next Transat A.T. earnings date
Q4 202517 Dec, 2025
The essential earnings season companion
The #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Live calls and transcripts
Listen to earnings calls, CMDs, investor conferences, and more – with a podcast-like experience.
Find what you need faster
Search for any keyword across all transcripts simultaneously.
Easily store key findings
Capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Your watchlist. Your dashboard.
Follow the companies that matter to you. Get a personalized feed with real-time updates.
Be the first to know
Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned.
Consensus estimates
Access analyst consensus estimates, valuation multiples, and revenue segments splits.
All IR material in one place
The easiest way to stay updated during earnings season.
Global coverage
All events from public companies. Live and recorded.
Just click and listen
No webcast links. No manual registrations.
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
)
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
)
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
excellent app, it gives me free access to company earnings calls and annual reports. I also love the convenience of calls being available offline so I can listen in whilst doing other things and even when internet or WiFi isn't available.
Leroy DaleyApp Store
One of the very few apps you could call perfect. If something was to add to it, maybe the share price of the company when you search for it, but it's already excellent.
Eferix Drawings Google Play
This is genuinely one of the cleanest and fastest finance apps out there to track the market.
anuj283App Store
I can't remember the last time an app had such a positive impact on my investment process.
)
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
I can't remember the last time an app had such a positive impact on my investment process.
@ankurshah47_ x.com
Love the app! Quartr makes it really easy to keep track of earnings calls. It also includes the reports and slides to make it easier to follow along.
Amina0781App Store
Quartr is amazing, no way around it. It is the best right now for earnings calls, presentations, and the like.
@theshortbearx.com
)
)
Frequently asked questions
Transat A.T. Inc. is a Canadian company specializing in the provision of integrated tourism services. The company operates primarily in the travel and vacation industry, offering a range of products including vacation packages, hotel stays, and air travel services. Transat A.T. Inc. serves a variety of international and domestic destinations, catering to both leisure and business travelers. It operates its own airline, which supports its vacation offerings, and also works with third-party travel providers to create comprehensive travel solutions. The company is headquartered in Montreal, Quebec, and its shares are listed on the TSX.
Quartr provides global coverage of all investor relation material from public companies.
Mobile app: Research anytime, anywhere with the #1 app for live earnings calls, transcripts, analyst estimates, and more. All for free.
Desktop (Quartr Pro): The leading platform for qualitative research, used daily by top firms and financial institutions.
Quartr API: Build custom solutions powered by live earnings calls, live transcripts, filings and reports, slide presentations, and more.
Yes, the Quartr mobile app is free on both iOS and Android.
Yes. Quartr provides global, industry-leading live coverage of company events such as regular earnings calls, capital markets days, M&A announcements, and investor conferences. Live with zero delays. Just click and listen.
Yes, capturing important takeaways is as simple as it gets. Even during your lunch run or commute.
Yes. Follow the companies that matter to you. Get a personalized feed with real-time updates, a tailored earnings calendar, and instant alerts when earnings calls go live.
Yes. Set keyword alerts for any company, product, or competitor. Get notified the moment they're mentioned, regardless of who's talking.
Explore our global coverage