Tour Operators
Transat takes action as margins suffer
Transat A.T has reported that for its fiscal year ending Oct. 31, 2011, it posted revenues of $3.7 billion, compared with $3.5 billion in 2010. Its margin before restructuring charge of $36.5 million, compared with $127.6 million in 2010, and a net loss of $12.2 million ($0.32 per share on a diluted basis), compared with net income of $65.6 million ($1.73 per share on a diluted basis) in 2010. Before non-operating items, Transat reported an adjusted after-tax loss3 of $7.2ámillion in 2011 ($0.19 per share on a diluted basis), compared with a net income of $53.7 million ($1.41 per share...
Royal Irish unveils 2012 product line
Royal Irish Tours' 2012 brochures are now available, featuring vacation ideas to Ireland, Scotland, England and Wales. The company's coach tour series kicks off April 10, with savings of up to $300 per couple. New additions include a visit to the Titanic shipyard to learn about its history on the 100th anniversary of the tragic sinking. The Manor Royal 11-day deluxe coach tour will visit a working farm in Galway where visitors can watch a sheep-shearing demonstration and enjoy homemade baked goods. Back are driving holidays, with accommodations including B&Bs and Manor homes, and "Royal...