The Financial Post reports in its Friday edition that Transat AT eked out a profit in its latest quarter, which marked a sharp improvement from its loss a year ago as the travel company continued to increase flights. A Canadian Press dispatch to the Post says that on Thursday, the Montreal tour package company reported net income of $3.2-million for the three months ended Oct. 31 compared with a loss of $126.2-million in the same period last year. Higher prices to European destinations helped drive a one-third jump in revenues year over year. The $764.5-million in sales in the fourth quarter, up from $573.1-million a year ago, also sat 10 per cent above 2019 levels. Even as Canadians splurge on leisure more reluctantly amid higher interest rates and inflation, Transat plans to increase flight capacity by 19 per cent next year through more airplanes and better "fleet utilization." The planes will be put toward greater frequency on some routes, year-round service on others as well as some new destinations. In its coming financial year, Transat said it is targeting a profit margin between 7.5 per cent and 9 per cent for earnings before interest, taxes, depreciation and amortization (EBITDA), exceeding historical levels.