Air Transat parent Transat A.T. posted net income for its fiscal second quarter ended April 30 of C$40.7 million ($39.8 million), down 32.2% from C$53.8 million earned in the year-ago quarter. The company said earnings were affected negatively by a C$17.9 million writedown related to asset-backed commercial paper holdings. It said demand "remained firm" over the winter and bookings for the summer are up, but it warned that lower margins year-over-year are expected in the second half of its ...

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