- Reuters•3 days ago
WestJet Airlines Ltd's quarterly profit slumped 40.5 percent and the carrier said Tuesday that costs would rise this year due to the timing of maintenance expenses on its widebody aircraft and extra charges incurred on a new London route. WestJet said it expected cost per available seat mile (CASM), excluding fuel and employee profit share, to rise by 2.5 to 3.5 percent in 2016, higher than the 0.5 to 1.5 percent anticipated earlier. Macquarie Capital Markets analyst Konark Gupta said the cost increase was not "overly concerning" as it related to "teething issues" on London flights.
|52wk Range||14.67 - 25.77|
|Day's Range||22.81 - 23.07|
|Avg Vol (3m)||325,326|
As of 4:00 PM EDT. Market closed.