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BRIEF-Transat qtrly revenues of $612.1 mln, compared with $634 mln in 2015

Published 2016-12-15, 07:19 a/m
© Reuters.  BRIEF-Transat qtrly revenues of $612.1 mln, compared with $634 mln in 2015
TRZ
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Dec 15 (Reuters) - Transat At Inc TRZ.TO

* Q4 revenues of $612.1 million, compared with $634.0 million in 2015

* Q4 revenues of $612.1 million, compared with $634.0 million in 2015.

* Corporation recorded a $63.9 million impairment charge for q4

* Q4 adjusted net income(3) of $24.2 million, compared with $44.6 million in 2015.

* Corporation plans to save at least another $25 million in 2017.

* Continuing its cost-reduction and margin-improvement initiatives, which target savings of at least $100 million over three years

* Transat a.t. inc. - results for fourth quarter and fiscal 2016 Source text for Eikon: ID:nCNW6C43Ja Further company coverage: TRZ.TO

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