AMERICAS: WestJet to grow capacity 10% this year
CanadaÃ¢â‚¬™s WestJet has reported a 2009 full-year net income of C$98.2 million (US$94 million), down 45 per cent from C$178.5 million in 2008, and said it plans to re-accelerate growth this year after slowing annual capacity expansion to just 2.6 per cent last year. Revenue in 2009 fell 10.5 per cent to C$2.28 billion. WestJet […]
March 1, 2010
WestJet took delivery of five 737NGs in the fourth quarter 2009 and a further 737-800 in February 2010 to bring its fleet to 87, all 737NGs. It will take a -700 by the end of the current quarter and three more NGs later in 2010. A large portion of the capacity increase will be directed at transborder and Caribbean services, with Ã¢â‚¬Å“some softnessÃ¢â‚¬Â and Ã¢â‚¬Å“tremendous pricing pressureÃ¢â‚¬Â present in the domestic Canadian market, of which WestJet has nearly a 38 per cent share, according to its president and CEO Sean Durfy.