Transat making 'significant progress' on 2018-2022 strategic plan

14 September, 2018

Transat stated (13-Sep-2018) it made "significant progress" on implementing the 2018-2022 strategic plan in 3Q2018 although these actions will have little impact on 2018. Details include:

  • Revenue management, pricing and network planning activities are expected to be fully reconfigured during 2018, which will allow greater fine-tuning of revenue management per flight and margin optimisation;
  • Longer-term network management is being put in place to operate its new Airbus fleet, which will be deployed between 2019 and 2022, while reducing operating costs and increasing route density;
  • Expansion of its online presence continues;
  • Cost reduction and margin improvement initiatives continue and should achieve their CAD150 million (USD115 million) target for the plan as a whole. [more - original PR]