WestJet reported a first-quarter net profit of C$89.3 million ($81.4 million), down 2% from net income of C$91.1 million in the prior-year period, when the Canadian airline posted its highest-ever March quarter earnings. The three-month period ended March 31 marked the Calgary-based low-cost carrier’s 36th consecutive profitable quarter and the seventh straight quarter it has exceeded its 12% return on invested capital (ROIC) target. WestJet’s ROIC for the 12 months ended March ...

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