WestJet Tops Profit Estimates After Filling Record Seats
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WestJet Airlines Ltd., Canada’s largest discount carrier, posted higher third-quarter earnings than analysts estimated after flying fuller planes and posting increased average revenue from each available seat.
Profit rose 80 percent to C$70.6 million ($71.1 million), or 52 cents a share, from C$39.3 million, or 28 cents, a year earlier, the company said in a statement today. The average estimate from 14 analysts in a Bloomberg survey was 44 cents.