WestJet reports surging first-quarter profit

Swelling ancillary revenue and effective seasonal capacity deployment were among the reasons cited by WestJet for a booming first quarter during which the Canadian LCC posted net earnings of C$29.9 million ($26.8 million), more than double the C$12.9 earned in the first three months of 2006. "Our first-quarter results reflect WestJet's ability to deliver three key elements crucial for success--more guests are flying with us, revenue is increasing and costs have been controlled," President ...