WestJet planes slightly emptier in February

(MARCEL CRETAIN/QMI Agency)

(MARCEL CRETAIN/QMI Agency)

REUTERS

, Last Updated: 12:09 PM ET

Forward bookings at WestJet Airlines Ltd look sound, its chief executive said on Monday, even as the carrier reported slightly emptier planes in February.

Canada’s second-biggest airline said its load factor dipped to 82.7%t last month from 83.6% as an increase in capacity outpaced a rise in passenger traffic.

Capacity rose 10.9% while traffic increased 9.9%.

Forward bookings “are healthy”, WestJet CEO Gregg Saretsky said in a statement.

The month of March, which includes the spring break school holiday across Canada, is typically a strong traffic month, National Bank Financial analyst Cameron Doerksen said in a note to clients.

WestJet’s stock was down nearly 1% at $13.97 on the Toronto Stock Exchange, in line with a weaker overall market.

(Reporting By Nicole Mordant in Vancouver; editing by Rob Wilson)

 


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