Calgary-based WestJet reported third-quarter net income of C$52.2 million ($46.2 million), down 19.8% from a net profit of C$65.1 million in the 2013 September quarter, but noted that operating margin improved 1.8 points year-over-year to 12.5%. The net profit drop can be attributed to a one-time C$33.2 million special charge associated with the sale of 10 older 737s to Southwest Airlines. Net income, excluding special items, rose 31.2% year-over-year to C$85.4 million. CFO Vito Culmone did ...

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