AMERICAS: WestJet to grow capacity 10% this year

Canada’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 […]


Canada’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 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 “some softness” and “tremendous pricing pressure” present in the domestic Canadian market, of which WestJet has nearly a 38 per cent share, according to its president and CEO Sean Durfy.