WestJet shares plummet after airline reports dip in first-quarter profit - News Summed Up

WestJet shares plummet after airline reports dip in first-quarter profit


The stock closed at $19.94, its lowest since April 2016, after trading as low as $19.30 earlier in the day. WestJet has agreed to give refunds if job action results in travel disruptions, he added. They fear that WestJet will move planes and jobs to Swoop after it begins operations in June. WestJet is expanding its relationship with Delta Air Lines and exploring partnerships for new regions including the transatlantic. The increase in revenue came as capacity increased 4.3 per cent and revenue passenger miles — a measure of traffic — increased 6.5 per cent.


Source: thestar May 08, 2018 16:06 UTC



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