Transat A.T. Inc.

TSX:TRZ Stock Report

Market Cap: CA$79.8m

Transat A.T Management

Management criteria checks 3/4

Transat A.T's CEO is Annick Guerard, appointed in May 2021, has a tenure of 5.33 years. total yearly compensation is CA$2.83M, comprised of 31.5% salary and 68.5% bonuses, including company stock and options. directly owns 0.28% of the company’s shares, worth CA$226.64K. The average tenure of the management team and the board of directors is 3.5 years and 3.5 years respectively.

Key information

Annick Guerard

Chief executive officer

CA$2.8m

Total compensation

CEO salary percentage31.45%
CEO tenure5.3yrs
CEO ownership0.3%
Management average tenure3.5yrs
Board average tenure3.5yrs

Recent management updates

Recent updates

Narrative Update • Sep 11

TRZ: Fuel Headwinds And Yield Pressures Will Shape A Cautious Outlook

Analysts have trimmed their fair value estimate for Transat A.T. from CA$2.21 to CA$1.88, and have also lowered price targets to a range of CA$1.65 to CA$1.75, citing ongoing fuel headwinds and subdued yield trends. Analyst Commentary Recent research on Transat A.T. points to a cautious stance among bearish analysts, with attention on how fuel costs and pricing trends could affect valuation and execution in the near term.
Narrative Update • Aug 21

TRZ: Future Earnings Reset Will Likely Pressure Overvalued Shares

Analysts have revised their view on Transat A.T., cutting the 12 month price target from CA$2.25 to CA$1.75 as they update assumptions on fair value, discount rate, revenue growth, profit margin and future P/E expectations following recent research updates. What's in the News There are currently no recent news items publicly provided for Transat A.T. in the supplied sources.
Narrative Update • Jul 10

TRZ: Partnership Expansion And Downgrade Will Shape A More Balanced Outlook

Analysts have cut their fair value estimate for Transat A.T. to CA$2.21 from CA$3.23, reflecting a lower CA$2.25 price target and updated assumptions for the discount rate, revenue growth, profit margin, and future P/E. What's in the News for Transat A.T. Transat A.T. and Porter Airlines extended their commercial partnership with new Transat vacation packages that pair Porter non stop flights to Nassau, Grand Cayman, Cancun and Puerto Vallarta with Transat's tour operator offerings.
Narrative Update • Jun 26

TRZ: Expanded Porter Partnership Will Drive Long-Term Upside Potential

Analysts have cut their price target on Transat A.T. to CA$2.25. They link this move to updated assumptions around fair value, discount rate, revenue growth, profit margin and future P/E, which collectively point to a more cautious outlook on the stock.
Analysis Article • Apr 24

Is Now An Opportune Moment To Examine Transat A.T. Inc. (TSE:TRZ)?

Transat A.T. Inc. ( TSE:TRZ ), might not be a large cap stock, but it saw a double-digit share price rise of over 10...
Analysis Article • Dec 02

Should You Investigate Transat A.T. Inc. (TSE:TRZ) At CA$2.61?

Transat A.T. Inc. ( TSE:TRZ ), might not be a large cap stock, but it received a lot of attention from a substantial...
Analysis Article • Aug 16

Returns At Transat A.T (TSE:TRZ) Are On The Way Up

TSX:TRZ 1 Year Share Price vs Fair Value Explore Transat A.T's Fair Values from the Community and select yours There...
Analysis Article • Aug 08

Returns On Capital Are Showing Encouraging Signs At Transat A.T (TSE:TRZ)

To find a multi-bagger stock, what are the underlying trends we should look for in a business? Firstly, we'd want to...
Analysis Article • Dec 16

Analysts Are Upgrading Transat A.T. Inc. (TSE:TRZ) After Its Latest Results

Shareholders might have noticed that Transat A.T. Inc. ( TSE:TRZ ) filed its yearly result this time last week. The...

CEO Compensation Analysis

How has Annick Guerard's remuneration changed compared to Transat A.T's earnings?
DateTotal CompensationSalaryCompany Earnings
Jul 31 2026n/an/a

-CA$228m

Apr 30 2026n/an/a

CA$279m

Jan 31 2026n/an/a

CA$335m

Oct 31 2025CA$3mCA$891k

CA$242m

Jul 31 2025n/an/a

CA$296m

Apr 30 2025n/an/a

-CA$144m

Jan 31 2025n/an/a

-CA$176m

Oct 31 2024CA$3mCA$890k

-CA$114m

Jul 31 2024n/an/a

-CA$152m

Apr 30 2024n/an/a

-CA$55m

Jan 31 2024n/an/a

-CA$30m

Oct 31 2023CA$2mCA$556k

-CA$25m

Jul 31 2023n/an/a

-CA$155m

Apr 30 2023n/an/a

-CA$318m

Jan 31 2023n/an/a

-CA$388m

Oct 31 2022CA$2mCA$556k

-CA$445m

Jul 31 2022n/an/a

-CA$440m

Apr 30 2022n/an/a

-CA$472m

Jan 31 2022n/an/a

-CA$443m

Oct 31 2021CA$1mCA$540k

-CA$390m

Jul 31 2021n/an/a

-CA$506m

Apr 30 2021n/an/a

-CA$413m

Jan 31 2021n/an/a

-CA$523m

Oct 31 2020CA$800kCA$502k

-CA$497m

Jul 31 2020n/an/a

-CA$235m

Apr 30 2020n/an/a

-CA$192m

Jan 31 2020n/an/a

-CA$13m

Oct 31 2019CA$858kCA$539k

-CA$32m

Compensation vs Market: Annick's total compensation ($USD2.03M) is above average for companies of similar size in the Canadian market ($USD150.00K).

Compensation vs Earnings: Annick's compensation has been consistent with company performance over the past year.

CEO

Annick Guerard (55 yo)

5.3yrs
Tenure
CA$2,834,408
Compensation

Ms. Annick Guérard serves as Director of Canadian Western Bank since February 03, 2025. She was Independent Director at National Bank of Canada since April 21, 2023 until April 25, 2026. She has been Presi...

Leadership Team

NamePositionTenureCompensationOwnership
Annick Guerard
President5.3yrsCA$2.83m0.28%
CA$ 226.6k
Jean-Francois Pruneau
Chief Financial Officer2.7yrsCA$1.20mno data
Marc-Philippe Lumpe
Chief Operations Officerno dataCA$1.12m0.28%
CA$ 222.6k
Bamba Sissoko
Chief Information Officer3.5yrsCA$789.90k0.18%
CA$ 145.2k
Julie Lamontagne
Chief People3.5yrsCA$790.88kno data
Nathalie Forcier
Chief Legal and Government Relations Officer & Corporate Secretaryless than a yearno datano data
Joseph Adamo
Chief Sales & Marketing Officer9.7yrsCA$617.52kno data
Sebastian Ponce
Chief Revenue Officer2.5yrsno datano data
Andrean Gagne
Senior Director of Communications & Corporate Affairsno datano datano data
3.5yrs
Average Tenure
53yo
Average Age

Experienced Management: TRZ's management team is considered experienced (3.5 years average tenure).

Board Members

NamePositionTenureCompensationOwnership
Annick Guerard
President5.3yrsCA$2.83m0.28%
CA$ 226.6k
Daniel Desjardins
Independent Director4.7yrsCA$236.39k0.013%
CA$ 10.6k
Bruno Matheu
Independent Director3.5yrsCA$91.20kno data
Christiane Bergevin
Independent Directorless than a yearno datano data
Vincent Duhamel
Independent Directorless than a yearno datano data
Michael DiLollo
Independent Directorless than a yearCA$783.72kno data
Stephane Lefebvre
Independent Director4.4yrsCA$86.59kno data
Geneviève Brouillette
Independent Director3.5yrsCA$174.45kno data
Marie-Pierre Dhers
Independent Directorless than a yearno datano data
Julie Tremblay
Independent Director4.7yrsCA$108.00kno data
3.5yrs
Average Tenure
61yo
Average Age

Experienced Board: TRZ's board of directors are considered experienced (3.5 years average tenure).

Company Analysis and Financial Data Status

DataLast Updated (UTC time)
Company Analysis2026/09/20 08:36
End of Day Share Price 2026/09/18 00:00
Earnings2026/07/31
Annual Earnings2025/10/31

Data Sources

The data used in our company analysis is from S&P Global Market Intelligence LLC. The following data is used in our analysis model to generate this report. Data is normalised which can introduce a delay from the source being available.

PackageDataTimeframeExample US Source *
Company Financials10 years
  • Income statement
  • Cash flow statement
  • Balance sheet
Analyst Consensus Estimates+3 years
  • Forecast financials
  • Analyst price targets
Market Prices30 years
  • Stock prices
  • Dividends, Splits and Actions
Ownership10 years
  • Top shareholders
  • Insider trading
Management10 years
  • Leadership team
  • Board of directors
Key Developments10 years
  • Company announcements

* Example for US securities, for non-US equivalent regulatory forms and sources are used.

Unless specified all financial data is based on a yearly period but updated quarterly. This is known as Trailing Twelve Month (TTM) or Last Twelve Month (LTM) Data. Learn more.

Analysis Model and Snowflake

Details of the analysis model used to generate this report is available on our Github page, we also have guides on how to use our reports and tutorials on Youtube.

Learn about the who designed and built the Simply Wall St analysis model.

Industry and Sector Metrics

Our industry and section metrics are calculated every 6 hours by Simply Wall St, details of our process are available on Github.

Analyst Sources

Transat A.T. Inc. is covered by 16 analysts. 5 of those analysts submitted the estimates of revenue or earnings used as inputs to our report. Analysts submissions are updated throughout the day.

AnalystInstitution
David TyermanATB Cormark Historical (Cormark Securities)
Ahmad ShaathBeacon Securities Limited
Claude ProulxBMO Capital Markets Equity Research