Air Transat Plans Potential Layoffs Amid Financial Struggles

The company faces significant financial losses and industry challenges, prompting a precautionary layoff notice to Quebec authorities.

Air Transat has issued a preliminary notice to the Quebec government about the potential layoff of up to 80 employees.
The company cites fierce competition, engine recalls, and the threat of a union strike as factors exacerbating its financial difficulties.
Transat reported a combined net loss of $155.3 million for the first three quarters of the year, a significant increase from the previous year's loss.
The layoffs, if they occur, would be effective by November 1 but would not affect federally regulated roles such as pilots and flight attendants.
Andréan Gagné, a spokesperson for Transat, emphasized that the layoff notice is a precautionary measure to comply with provincial labor regulations.