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.
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.
WestJet Airlines flew a record 22 million passengers in 2016, in spite of the ongoing economic downturn in Alberta that forced the airline to shift capacity away from its home province early in the year. The Calgary-based airline reported Tuesday that ...
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.