The Globe and Mail reports in its Friday edition that Transat AT posted its first annual profit since 2018 on Thursday, as revenue rose and a government agreement reduced its pandemic bailout debt. The Globe's Eric Atkins writes that the Montreal-based operator of Air Transat swung to a $242-million profit, or $6.06 a share, in the fiscal year ended on Oct. 31, compared with a loss of $114-million ($2.94) in 2024. Revenue rose by 3.5 per cent to $3.4-billion. Transat chief executive officer Annick Guerard said new routes and the debt refinancing helped the airline overcome a volatile economy and the downtime of aircraft from the Pratt & Whitney engine recall. "We fully achieved our 2025 objectives, and we are on track to continue performing according to plan in 2026," Ms. Guerard said on a conference call with analysts. For the three months ending on Oct. 31, Transat lost $12.5-million (31 cents), compared with a profit of $41.2-million ($1.05) in the same period a year ago. Revenue fell by 2.2 per cent to $771.6-million, compared with the fourth quarter of 2024. Transat attributed the lower quarterly revenue to a drop in compensation from Pratt & Whitney, whose plane engines have been subject to a recall.