Rising fuel costs—combined with a planned ramp-up in capital expenditures—has put dents in most of WestJet’s key first-quarter income metrics, and the Calgary-based LCC is responding by fast-tracking a cost-reduction initiative. WestJet reported a 2018 first-quarter net income of C$37.2 million ($28.7 million), down 20.2% from net income of C$46.7 million in 1Q 2017 on 6.9% higher revenues. Fuel costs were up 14%, contributing a 5.2% increase in cost per available seat ...

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