Reuters logo
Canada's WestJet posts 45 pct fall in 1st-qtr profit
May 2, 2017 / 10:42 AM / 5 months ago

Canada's WestJet posts 45 pct fall in 1st-qtr profit

May 2 (Reuters) - Canada’s WestJet Airlines Ltd on Tuesday reported a 45 percent fall in quarterly profit, as higher fuel costs squeezed margins.

The company’s net earnings fell to C$48.3 million ($35.4 million), or 41 Canadian cents per share in the first quarter ended March 31, from C$87.6 million, or 71 Canadian cents per share, a year earlier.

Revenue rose 8 percent to C$1.11 billion.

WestJet, Canada’s second largest carrier, also said it agreed to buy up to 20 787-9 Dreamliner aircraft from Boeing Co . ($1 = 1.3660 Canadian dollars) (Reporting by John Benny in Bengaluru; Editing by Sai Sachin Ravikumar)

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below