[ Sign up for our Health IQ newsletter for the latest coronavirus updates ]On an adjusted basis, Transat says it lost $38.8 million or $1.03 per share for the quarter compared with an adjusted loss of $6.4 million or 17 cents per share in the same quarter a year ago.Air Canada’s deal to buy Transat for $720 million has been agreed to by shareholders, but still requires regulatory approval in Canada and the European Union.Last month, European regulators launched an in-depth investigation into the deal amid European Commission concerns it may reduce competition and result in higher prices.A preliminary European Commission investigation worried the proposed deal could significantly reduce competition on 33 origin and destination city pairs.
The website covid-19.rehab is an aggregator of news from open sources. The source is indicated at the beginning and at the end of the announcement. You can send a complaint on the news if you find it unreliable.