07:33 AM EDT, 05/10/2024 (MT Newswires) -- Transat A.T. Inc. ( TRZBF ) announced Friday that it will likely not achieve its adjusted EBITDA margin forecast for fiscal 2024.

In a statement it said: "Persistent operational challenges related to Pratt & Whitney's GTF engines, market dynamics leading to downward pressure on airline unit revenues (yield), and the consequences of union strike threats, have created a particularly volatile environment. Although the situation may evolve in upcoming months, the current trend places the corporation on a trajectory to achieve an adjusted EBITDA margin of approximately 5% for fiscal 2024.

"Given these factors, the corporation has deemed it prudent to no longer issue guidance on this metric in the future."

Transat said it will provide further information about its performance and strategies during the second quarter earnings call on June 6.