Air Canada, WestJet planes flying fuller than ever
Last Updated: Thursday, September 6, 2007 | 5:55 PM ET
CBC News
Anyone flying Air Canada and WestJet recently has likely noticed that empty seats are rare. New figures show just how rare they are.
WestJet said Thursday it filled a record 88 per cent of its seats in August, while Air Canada's jets flew with 83.8 per cent of their seats occupied with paying passengers — the second-highest load factor the carrier has ever reported.
WestJet said its available seats rose by 15 per cent, while passenger traffic — as measured by revenue passenger miles — jumped 20 per cent compared with August 2006.
"We anticipate this positive trend to continue as we take delivery of two more aircraft before the end of the year, bringing our fleet size to 70," said WestJet CEO Sean Durfy.
WestJet shares jumped 75 cents to $16.65 in TSX trading as investors welcomed the news.
At Air Canada, overall system traffic at the mainline carrier and at its regional carrier, Jazz, rose by 4.1 per cent in August, while capacity grew by 3.9 per cent.
"The solid results were driven largely by our performance in the domestic market, where our traffic grew 7.2 per cent over last year and we benefited from the positive trends seen in the Canadian industry as a whole," Air Canada CEO Montie Brewer said.
Air Canada's Class A shares were unchanged at $11.54. Its traffic figures were released late Thursday after the stock market closed.
Air Canada made $155 million in its most recent quarter, while WestJet reported net earnings of $11.5 million.
Share Tools
Top News Headlines
- Montreal protesters march in peaceful defiance
- The clanging of pots and pans sounded throughout Montreal's downtown core Saturday night and into early Sunday morning, as thousands of protesters marched on in peaceful — but loud — defiance of Bill 78. more »
- Quebec tornadoes cause millions in damage
- Environment Canada confirms that two tornadoes — one of which was classed as a moderate F-1 packing winds of up to 150 km/h — touched down near Montreal Friday night, causing millions of dollars in damage. more »
- Teen struck by lightning in Ottawa dies
- The victim of a Friday lightning strike during a storm in east Ottawa has died, CBC News has learned. more »
- Missing Winnipeg children found in Mexico
- Two Winnipeg children reported missing and possibly in Mexico have been found alive, according to unofficial reports from an agency that works to find missing people. more »
Latest Business Headlines
- Bankia asks Spain for €19B
- The board of directors of Spain's troubled bank, Bankia, has asked the Spanish government for €19 billion ($24.5 billion Cdn) in financial support. more »
- EI reforms aim to boost employment, Flaherty says
- Finance Minister Jim Flaherty defended his government's proposals to change employment insurance, saying the aim is to remove "disincentives to employment." more »
- Employment Insurance review boards to be scrapped
- The federal government is scrapping two review boards used by people appealing decisions made about their employment insurance. more »
- Ottawa moves to limit foreign investment reviews
- The federal government is raising to $1 billion the amount of foreign money that can go into a Canadian company before the investment is reviewed. The review has been used in the past to block foreign takeovers of MDA and Potash Corp. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 11576.47 | 10.4 |
| DOW | 12454.83 | -74.92 |
| NASDAQ | 2837.53 | -1.85 |
| SP 500 | 1317.82 | -2.86 |
| NYSE COMPOSITE | 7534.32 | -18.01 |
| AMEX | 2227.37 | 1.45 |
| TSX-VENTURE | 1309.27 | 26.8 |
The data on this site is informational only and may be delayed; it is not intended as trading or investment advice and you should not rely on it as such.
Business Features
- Teen struck by lightning in Ottawa dies
- Missing Winnipeg children found in Mexico
- Quebec tornadoes cause millions in damage
- Woman's remains found in hockey bag on Cape Breton river
- Montreal protesters march in peaceful defiance
- Pope's butler arrested in Vatican leaks scandal
- Everest team unable to bring down Toronto woman's body
- WWE apologizes to Brazil over Canadian's flag stomp
- What a Greek euro exit could mean for Canada

