Transat says high fuel prices added $70 million in costs for March and April - BNN Bloomberg
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Article Excerpt
MONTREAL — Transat AT Inc. says high jet fuel prices added $70 million in additional costs for March and April compared with the same months last year.
The travel company says fuel surcharges have only marginally offset the higher costs because a large portion of its bookings were made before the crisis caused by the attacks on Iran by the U.S. and Israel began.
Fuel prices have soared with the closing of the Strait of Hormuz due to the conflict in the Middle East.
Latest updates on company news here
In addition to fuel surcharges on new bookings, Transat says it has reduced its planned ca…
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