WestJet reported first-quarter net income of C$37.5 million ($31.7 million), down 28.7% from C$52.5 million in the year-ago period, citing a weak demand and pricing environment. President and CEO Sean Durfy noted that the Canadian LCC grew capacity 7.2% in the quarter despite "less than ideal economic conditions" that drove other North American carriers to slash capacity. It also will grow capacity in the current quarter, but just 1%-2%, he said. "We anticipate that competitors will continue ...

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