May 8, 2018 / 10:38 AM / 4 months ago

Canada's WestJet Airlines reports 20 pct drop in quarterly profit

May 8 (Reuters) - Canada’s WestJet Airlines Ltd reported a 20.3 percent drop in first-quarter profit on Tuesday, partly hurt by higher fuel prices.

The company’s net earnings fell to C$37.2 million ($28.66 million), or 32 Canadian cents per share, for the quarter ended March 31 from C$46.7 million, or 40 Canadian cents per share, a year earlier.

Revenue rose to C$1.19 billion from C$1.11 billion

$1 = 1.2979 Canadian dollars Reporting by Akshara P in Bengaluru; Editing by Arun Koyyur

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