transat at inc on thursday reported a wider loss in the first quarter as the omicron variant weighed on sales in the period the canadian vertically integrated tour operator reported a loss of 303 canadian dollars us237 a share for the period ended jan 31 compared with a loss of c160 in the previous years first quarter the net loss attributable to shareholders was c1143 million compared with a loss of c605 million a year ago in the period the company said it was dragged down by a c22 million foreign exchange loss while in the prioryear period it benefited from a c329 million foreign exchange gain adjusted loss came in at c253 a share according to factset analysts were expecting a narrower loss of c223 a share revenue rose to c2024 million from c419 million while analysts expected c259 million the company said the emergence of the omicron variant brought halted sales between middecember and early february though as restrictions were eased subsequently bookings picked up again transat said that the quarters revenue is still about 69 below the same quarter in fiscal 2019 before the pandemic began looking ahead transat said it sees encouraging signs in its bookings as health measures and travel restrictions continue to ease in canada and globally but warned the situation could change as uncertainty over the pandemic remains for the summer the company said its planned capacity is 91 of the 2019 overall capacity however due the uncertainty it said it wouldnt provide any guidance for the next quarter or for the summer period