Canadian low-cost carrier (LCC) WestJet reported a second-quarter net profit of C$36.7 million ($28.2 million), down 40.5% from net income of C$61.6 million in the 2015 June quarter, but the period did mark its 45th consecutive quarter in the black. The Calgary-based airline cited “continuing economic weakness” in the Alberta province, which is heavily tied to the oil industry, for the profit decline—the second straight quarter the carrier’s net profit fell. But ...

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