Calgary-based WestJet reported a first-quarter net profit of C$87.6 million ($67.3 million), down 37.7% from net income of C$140.7 million in the 2015 March quarter, as revenue fell 4.8% year-over-year to C$1.03 billion. The Canadian low-cost carrier (LCC) noted it had achieved its 44th consecutive profitable quarter, but blamed the year-over-year decline on “economic weakness in Alberta.” CEO Gregg Saretsky said “the fundamentals of our business remain strong” even ...

Subscribe to Access this Entire Article

"WestJet 1Q net profit down 38%; profit streak at 44 straight quarters" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.