WestJet reported first-quarter net income of C$37.5 million ($31.7 million), down 28.7% from C$52.5 million in the year-ago period, citing a weak demand and pricing environment. President and CEO Sean Durfy noted that the Canadian LCC grew capacity 7.2% in the quarter despite "less than ideal economic conditions" that drove other North American carriers to slash capacity. It also will grow capacity in the current quarter, but just 1%-2%, he said. "We anticipate that competitors will continue ...

Subscribe to Access this Entire Article

"WestJet first-quarter profit drops 28.7%" 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? ATWPlus@penton.com.

Already registered? here.