WestJet suffers 65.7% profit drop, announces third- quarter capacity cut
WestJet yesterday reported second-quarter net income of C$9.2 million ($8.6 million), down 65.7% from a C$26.8 million profit in the year-ago period, and announced that it will lower capacity by 1%-2% in the current quarter. The Calgary-based LCC noted that the result marked its 17th consecutive...
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