Westjet reports 1st quarter profit

WestJet Airlines posted a manifold jump in its first-quarter profit helped by higher passenger traffic.


Canada's number two carrier said January-March earnings rose to CAD$48.2 million (USD$50.5 million), from CAD$2.4 million a year earlier.


Revenue rose 25 percent to CAD$772.4 million.


Revenue passenger miles rose 11.7 percent, while revenue per available seat mile was up 12.1 per cent.


Load factor rose to 82 percent from 81.7 percent.

(Reuters)