01 August 2012
Calgary-based low-cost carrier WestJet (WS) reported second-quarter net income of C$42.5 million ($42.4 million), up 65.9% over a C$25.6 million net profit in the prior-year period. It also announced it will move away from a one-class passenger product by introducing a premium economy section in the cabins of its 737NGs next year.

President and CEO Gregg Saretsky said in a statement, “Momentum continues at WestJet and we are very pleased with the operating margin expansion achieved again this quarter.” In its 29th straight quarter in the black, WS said it achieved an operating margin of 8.7%, up 1.8 points year-over-year.

See the full article at Air Transport World