Air Transat parent Transat AT reported a C$16.7 million ($15.9 million) profit in the third fiscal quarter ended June 30, nearly four times greater than the C$4.2 million posted in the year-ago quarter. it credited increasing revenue as well as the adoption of new accounting standards related to hedge accounting and foreign exchange gains, which combined to produce a nonmonetary gain of C$5.7 million. Third-quarter revenue rose 21.4% year-over-year to C$741.8 million. Nine-month earnings ...

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