WestJet Airlines Ltd.'s costs will be higher this year than previously forecast because of glitches on its new London flights that resulted in a “significant bill” for passenger compensation, the company said Tuesday.
The nice thing about investing in Canada's airlines is the protection they offer. Both Air Canada (TSX:AC)(TSX:AC.B) and WestJet Airlines Ltd. (TSX:WJA) own the skies domestically, enjoying a comfortable oligarchy. They have a little more competition ...
Our skies are dominated by a duopoly which consists of WestJet Airlines Ltd. (TSX:WJA) and Air Canada (TSX:AC)(TSX:AC.B). In theory, as long as the company is at least 50.1% owned by Canadians, anyone can compete with these incumbents.
WestJet Airlines Ltd. (TSX:WJA) crossed a major milestone in the airline industry recently by commencing non-stop flights to London from Vancouver, Calgary, Edmonton, Winnipeg, Toronto, and St. John's.