Q2 resultsNow 1.4 billion in debt.....not a single profitable year since 20212!!!! I got to give management credit - someone has found the fountain of eternal life!!!!
The Pratt & Whitney fiasko won't get any better.....none of the engines are making it past 3,500 hours. We have seen this once before....it was called the JT9D (made by P&W), and it powered the first series of 747's. Note the remainder of most 747's built were all powered by GE or RR. It's a shame that Transat and many other operators are stuck with their engine choises. Look at Air Canada A220. 14 out of 40 parked in Mirabel. Same engine type. This will go on for years.
I wonder if Porter will pick up the pieces some day.....after the government (QUE and Federal) wipe out the debt. This isn't sustainable.
$2.50 here we come.
Cheers