The Chairman of the Board, President and Chief Executive Officer of Transat A.T. Inc., Jean-Marc Eustache, and the Vice- President, Finance and Administration and Chief Financial Officer, Nelson Gentiletti, invite financial analysts and journalists to take part in a conference call on the Fourth Quarter and Year-end Financial Results for Fiscal 2004.

The first part of the call will be devoted to analysts’ questions. Transat management will then answer questions from journalists.

Date: Thursday, January 13, 2005

Time: 11:00 a.m.

Telephone: To join in, dial 1-800-564-4672 and request the Transat conference call.

Webcast: The conference call will be available on the Internet.