The Globe and Mail

Go to the Globe and Mail homepage

Jump to main navigationJump to main content

The price of Air Transat shares dropped 20 per cent on Thursday after reporting lower-than-expected earnings.
The price of Air Transat shares dropped 20 per cent on Thursday after reporting lower-than-expected earnings.
(Mario Beauregard/The Canadian Press)

airlines

Don't be tempted by airline stocks

Just when you thought that airline stocks had begun to shake off a well-deserved reputation for dismal performance, along comes the sobering reality: WestJet Airlines Ltd. has fallen 9 per cent this year and Air Canada has slumped nearly 40 per cent since mid-January, ending last year’s dazzling rally.