Calgary-based WestJet reported a first-quarter net profit of C$87.6 million ($67.3 million), down 37.7% from net income of C$140.7 million in the 2015 March quarter, as revenue fell 4.8% year-over-year to C$1.03 billion. The Canadian low-cost carrier (LCC) noted it had achieved its 44th consecutive profitable quarter, but blamed the year-over-year decline on “economic weakness in Alberta.” CEO Gregg Saretsky said “the fundamentals of our business remain strong” even ...

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