WestJet net income falls 28% but 'profitable' expansion continues

WestJet reported third-quarter net income of C$54.7 million ($46 million), down 28.1% from C$76.1 million last year, saying it was hurt by high fuel costs and "the beginning of a more challenging environment for demand." Nevertheless, President and CEO Sean Durfy touted the Calgary-based carrier's continued capacity expansion, which included 20.1% growth in the third quarter, as "purposeful and profitable" at a time when many airlines are reducing capacity and losing money. The capacity ...