Entering text into the input field will update the search result below

WestJet announces record traffic in March

Apr. 05, 2011 3:34 PM ETWJAVF
Please Note: Blog posts are not selected, edited or screened by Seeking Alpha editors.

WestJet (TSE:WJA) said Tuesday that consumer traffic set a record in March, increasing just over 13% year-over-year as demand for travel continues to improve.

Capacity, measured in available seat miles (ASMs), grew 12.1%, resulting in an improved load factor, or a percentage of available seats filled. Load factor in March rose one point over the same period last year to 84.8%.

"Thus far, we are pleased with the strength of consumer demand and the market's ability to absorb fare increases as we navigate through a period of elevated fuel costs," said president and CEO Gregg Saretsky.

Specifically, the airline said that traffic has kept pace with capacity additions on trans-border and international routes.

For the first quarter, WestJet's traffic increased 11.7% over the previous year, while capacity rose 11.3%.

WestJet offers flights throughout its 71-city North American and Caribbean network.

Seeking Alpha's Disclosure: Past performance is no guarantee of future results. No recommendation or advice is being given as to whether any investment is suitable for a particular investor. Any views or opinions expressed above may not reflect those of Seeking Alpha as a whole. Seeking Alpha is not a licensed securities dealer, broker or US investment adviser or investment bank. Our analysts are third party authors that include both professional investors and individual investors who may not be licensed or certified by any institute or regulatory body.

Recommended For You

To ensure this doesn’t happen in the future, please enable Javascript and cookies in your browser.
Is this happening to you frequently? Please report it on our feedback forum.
If you have an ad-blocker enabled you may be blocked from proceeding. Please disable your ad-blocker and refresh.