Transat reports a $79 million loss in its latest quarter, attributing the results to higher fuel prices and the suspension of flights to Cuba. The company says the combined impact of these factors weighs on earnings and that several elements are largely outside its control. In separate reporting, outlets describe the quarter as disappointing and link the financial outcome directly to increased operating costs and reduced route activity connected to Cuba service disruptions. Transat also indicates it is looking to use government support measures discussed in Ottawa, including an emergency loan fund, as it manages near-term pressures. The company’s CEO, Annick Guérard, frames the performance as the result of external headwinds and does not present the quarter as a reflection of internal operational shortcomings. Overall, the reporting converges on the same drivers—fuel price volatility and the Cuba flight suspension—and on Transat’s intent to draw on available funding tools while navigating the situation.