Transat A.T. (TSE:TRZ), a Canadian airline and tourism company, reported its third-quarter earnings with revenue up 3% year-over-year to $793 million. However, due to a 50% surge in fuel costs to $138 million, adjusted EBITDA swung from a profit of $81 million in the same period last year to a loss of $1 million. The company recorded an adjusted net loss of $89 million, or $2.18 per share. Transat stated that persistently high fuel prices and intense market competition severely eroded profitability, and it anticipates engine-related costs to continue until at least 2028.