Go to the Globe and Mail homepage

Jump to main navigationJump to main content


WestJet expansion likely rules out an encore performance Add to ...

Subscribers Only

Enjoy WestJet Airlines Ltd.’s soaring third-quarter financial results. As good as they are, they make for a near-impossible act to follow for the Calgary-based carrier.

WestJet’s 80-per-cent jump in profit from a year earlier – far above the Street’s expectations – reflected high passenger demand at the same time the company was keeping a lid on its seating capacity. The resulting record loads (85 per cent of seats were filled in the quarter) allowed the airline to keep ticket prices high while its expenses remained contained – fuelling an operating margin of 12.5 per cent in the quarter, the company’s highest in three years.

Report Typo/Error

Follow on Twitter: @ParkinsonGlobe


More Related to this Story

Next story




Most popular videos »

More from The Globe and Mail

Most popular