16:17:24 EDT Tue 07 May 2024
Enter Symbol
or Name
USA
CA



Transat AT Inc
Symbol TRZ
Shares Issued 38,533,494
Close 2024-01-08 C$ 3.95
Market Cap C$ 152,207,301
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Globe/wire say Transat reaches tentative CUPE deal

2024-01-09 08:52 ET - In the News

The Globe and Mail reports in its Tuesday edition that the union representing 2,100 flight attendants has reached an agreement over a new labour contract with leisure carrier Air Transat, the Canadian Union of Public Employees (CUPE) said on Monday, easing fears of a strike. A Reuters dispatch to The Globe says that general meetings of the members will be held in the next few days to disclose the content of the agreement and present it for their vote. Earlier this month, the flight attendants rejected a tentative agreement with the airline, mainly because the deal did not offer pay raises in keeping with higher living costs. The CUPE contract expired on Oct. 31, 2022. Flight attendants in Canada and the United States are pushing airlines to end an industry practice where they are not compensated for the time spent during boarding and waiting at airports before and between flights. Last month, flight attendants at Southwest Airlines voted against a five-year contract that would have made them the highest-paid cabin crew in the industry, but did not include compensation for boarding time. The move comes as labour unions are aggressively pressing North American carriers for better pay, benefits and working conditions.

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