The Globe and Mail reports in its Friday edition that stronger demand for travel and higher ticket prices helped Air Transat narrow its loss in the second quarter. The Globe's Eric Atkins writes that Transat AT lost $29-million, or 76 cents a share, in the three months ending on April 30, compared with a loss of $98-million ($2.60 a share) in the same period of 2022. Revenue at the Montreal-based airline more than doubled to $870-million, and the amount of cash or its equivalent rose to $624-million from $511-million compared with a year ago. Customer deposits for future travel reached $867-million, an increase of 38 per cent from prepandemic levels on April 30, 2019. Compared with the same period in 2019, ticket prices rose by 15 per cent in the beginning of the quarter and by 24 per cent at the end. For the summer, Transat is offering 89 per cent of 2019's seat capacity, and more than 60 per cent of this is sold. Three Airbus A321LRs will be delivered this summer, and another four in the winter. Transat has borrowed as much as $843-million from a taxpayer-backed emergency finance program during the pandemic called the Large Employer Emergency Financing Facility intended to keep companies from failing in the pandemic.