WestJet Airlines Ltd. has been experiencing “reliability and on-time performance challenges” with its new overseas flights to London, forcing it to cancel 10 flights and delay several others in the first two months of operations.
The bull case for the sector might even be stronger for Canadian airlines, particularly Westjet Airlines Ltd. (TSX:WJA). Canada's skies have several advantages to an investor, including only two major players serving most domestic routes.
In another possible blow to Bombardier Inc., WestJet Airlines Ltd. is in talks with the struggling company to slow down deliveries of the Q400 turboprops it has on order, part of a broader strategy to cope with Alberta's deteriorating economy.
After impressive gains in 2013 and 2014, shares of both Air Canada and WestJet Airlines Ltd. ended the year with double-digit declines amid investor fears “that the Canadian market is plagued by carriers that are adding too much capacity into a weak ...
Canada's WestJet Airlines Ltd reported a higher-than-expected quarterly profit, helped by lower fuel costs. Calgary-based WestJet's fuel expenses, typically an airline's largest variable cost, fell nearly 21 per cent to $166.4 million.