CALGARY - WestJet Airlines Ltd. saw surging jet fuel prices dent its profits in its fourth quarter, with net earnings falling 39 per cent year over year. WestJet Airlines Ltd. says it earned $29.2 million in its fourth quarter, down from $47.8 million in the same quarter a year earlier. WestJet earned $29.2 million in the fourth quarter, down from $47.8 million in the same period a year earlier. The profit amounted to 26 cents per diluted share for the three months ended Dec. 31, compared with 41 cents per diluted share in the fourth quarter of 2017. For the full year, WestJet said it earned $91.5 million or 80 cents per diluted share, down from $279.1 million or $2.38 per diluted share in 2017.

Source: thestar February 05, 2019 12:11 UTC