WestJet Boeing 737-700
Calgary-based WestJet is reporting net profits of C$268.7 million ($251.2 million) for 2013, up 10.9% from 2012. The low-cost carrier’s fourth-quarter net income increased 11.3% to C$67.8 million, on 7.6% higher revenues and an 11% rise in operating income. WestJet’s full-year revenue increased 6.9% year-over-year to C$3.7 billion. Operating expenses rose 6.9% to C$3.3 billion, leading to operating profits of C$400 million, up 6.3% year-over-year. “We had a great year ...
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