In the light of the global recession, and the fact that customers now spend very carefully and expect more out of every dollar spent, WestJet Airlines Inc., is offering an increased percentage of seat sales to its passengers, as has been confirmed by the Calgary based airline's Chief Executive, Sean Durfy.
"We have felt over this recession how discretionary the buying of an airline ticket really is", Durfy shared. Despite the fact that the airline's third quarter report declining profits, WestJet has been aggressively pricing fares in hopes of winning more and more customers, something that chief rival Air Canada is giving the firm a tough competition for.
Third quarter report made public by the carrier reported profits of $31.4 million, or 24 cents per share, which was substantially lower than the figures posted for the same period last year, which stood firm at $57.9 million or 45 cents per share. Revenue also decline from last year's $718.4 million to $600.6 Million.
Despite a falling profit figure, WestJet is positive about the future, with new developments happening. This month alone, the carrier has seen a surge in number of passengers and added new flights and routes. The carrier is optimistic about the coming year and has some exciting partnership announcements up its sleeve.
Popular content
Today's:
All time:
Last viewed:
- US researchers discover antibodies for developing a potential AIDS vaccine!
- Murder-suicide couple were fired for fraud
- FCC to vote on ‘net neutrality’ proposal on Thursday; opposition continues
- Aetna, UnitedHealth, TriWest Get Tricare Contracts
- FTC to regulate blogging for full disclosure of endorsements and testimonials in ads
- Twitter, Facebook, LiveJournal continue fight cyber attacks
- Facebook leaves final decision about privacy policy to “active” users
- Home Resales in Canada Record All Time High in October
- Stem Cell Surgery Grows New Cheekbones
- Congress Could Approve Extension of Homebuyer Tax Credit by Next Week - Harry Reid
US Business News
- Sony Ericsson shifts HQ from NC to Atlanta; closes a few other sites worldwide
- Microsoft: No-cost Azure service launches in January; to be charged for in February
- Rolls Royce and Air China Close $1.5 Billion Deal for New Engines
- Missouri Plant Work Dispute Resolved by Ford and UAW
- MUFG Looking to Raise $11 Billion Through Public Offering of Common Shares



























