Canadian low-cost carrier (LCC) WestJet reported a third-quarter net profit of C$116 million ($88.6 million), a 13.9% increase compared to a C$101.8 million net income in 3Q 2015. WestJet’s third-quarter revenue was C$1.1 billion, up 7.6% year-over-year (YOY) from C$1 billion a year ago, driven by increases in both guest and ancillary revenue. Operating expenses increased 7.8% YOY to C$954.2 million, attributable to the company’s 10.6% YOY capacity growth and increased ...

Subscribe to Access this Entire Article

"Canada’s WestJet posts $89 million 3Q net profit" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions? ATWPlus@penton.com.

Already registered? here.