Transat profit jumps, says fourth quarter to be weaker than third
Sept 12 (Reuters) - Canadian travel operator Transat AT Inc reported a three-fold jump in third-quarter adjusted profit but said earnings in the current quarter would likely be weaker on a sequential basis.
Net income attributable to shareholders rose to C$41.1 million ($39.8 million), or C$1.07 per share, from C$9.4 million, or 25 Canadian cents per share, a year earlier.
Adjusted profit rose to C$30.8 million, or 80 Canadian cents per share, from C$10.5 million, or 28 Canadian cents per share, a year earlier.
Revenue rose 2 percent to C$927.0 million, due mainly to higher average selling prices.