The parent company of Air Transat reported a loss of $12.5 million in its latest quarter, compared with a profit of $41.2 million in the same quarter last year. Transat A.T. Inc. said the loss amounted to 52 cents per diluted share for the quarter that ended Oct. 31, compared with a profit of $1.05 per diluted share one year earlier.
After coming within hours of a possible strike that could have taken Broadway from the world of The Great Gatsby to The Sound of Silence, the musicians' union's negotiators Just in Time (another show title). Just days after Actors' Equity Association reached a tentative deal and hours before a musician strike was set, Local 809 of the American Federation of Musicians (AFM) reached their own tentative deal between Broadway musicians and the Broadway League and Disney Theater Productions.
I'm pleased that we've reached an agreement that stays within VTA's financial limits while fairly recognizing the contributions of our employees. This contract ensures manageable labor costs over the next four years and provides our workforce with the compensation they deserve.
