Rising fuel costs—combined with a planned ramp-up in capital expenditures—has put dents in most of WestJet’s key first-quarter income metrics, and the Calgary-based LCC is responding by fast-tracking a cost-reduction initiative. WestJet reported a 2018 first-quarter net income of C$37.2 million ($28.7 million), down 20.2% from net income of C$46.7 million in 1Q 2017 on 6.9% higher revenues. Fuel costs were up 14%, contributing a 5.2% increase in cost per available seat ...

Subscribe to Access this Entire Article

"WestJet 1Q income drops 20% on rising fuel costs" 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? Log in here.