WestJet Reports Profits in Q4
WestJet-Airlines

Sean Durfy, Chief Executive of Calgary-based WestJet Airlines Ltd. said, "Making money was an achievement as the airline battled a deep recession that reduced travel demand and put pressure on ticket prices".

The airlines yesterday reported to fetch $15.1 million, or 11 cents a share, in the fourth quarter of 2009, after adjustments for a tax gain, lowered from $42 million, or 33 cents, the previous year. Also, its revenue is revealed to slip to $570 million from $615.5 million.

The fourth-quarter results brought full-year profit for 2009 to $93.1 million, or 71 cents a share, down from $178.5 million, or $1.37, the year before. Revenue dropped to $2.281 billion from $2.55 billion.

In addition, on the other side, the company faced the installation of a new reservation system that because of which the passengers have to face long waits.

However, the company speculates 2010 to be better. It plans to add flights to sun destinations because of continued soft demand for domestic flights, the airline said Wednesday.

WestJet revealed to have no plans to alter its current policy of allowing smaller cats and dogs to travel in the passenger cabins of its aircraft.

 

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