"Transat A.T. Inc is cutting hundreds of flights from its schedule this year due to soaring jet fuel prices set off by the war in Iran."
"The company will reduce capacity by six percent from May through October, affecting critical summer travel."
"CEO Annick Guerard stated that demand remains strong, but cost pressures continue to impact the airline sector."
"The U.S.-Israeli war on Iran has caused significant spikes in oil prices, affecting global airline operations."
Transat A.T. Inc will reduce flight capacity by six percent from May to October, impacting summer travel. The company will lower frequencies on routes to Europe and the Caribbean and extend the suspension of service to Cuba. CEO Annick Guerard noted strong demand but acknowledged ongoing cost pressures in the airline sector. This decision aligns with similar capacity cuts by Air Canada and WestJet as airlines respond to high fuel costs and less profitable routes.
Read at www.cbc.ca
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