WestJet, Porter post record traffic
The Canadian Press
Posted: Jan 5, 2012 9:01 AM ET
Last Updated: Jan 5, 2012 12:03 PM ET
Related
Two of Canada's largest airlines reported some record passenger numbers in December as global economic concerns appeared to have little effect on the quantity of travellers.
WestJet, the country's second-largest airline after Air Canada, said it flew a record 1.4 million passengers in December as the airline reported a load factor of 80.9 per cent, tying its second-highest December load factor ever.
Revenue passenger miles increased eight per cent from a year earlier as capacity — measured in available seat miles —grew 7.1 per cent over the same period.
"We finished the year with strong traffic results confirming that our capacity continues to be absorbed by the market," president and CEO Gregg Saretsky said in a release accompanying the results.
"On a full-year basis, we have flown over 867,000 additional guests in 2011 versus last year," he added.
Due to strong bookings made and flown in December, WestJet said it anticipates that the year-over-year revenue per available seat mile growth for the fourth quarter will now be closer to that achieved in the third quarter of 2011.
WestJet's 2011 load factor down slightly
For the full year, WestJet reported a load factor of 79.7 per cent, down slightly from 79.9 per cent last year as available seat miles grew 8.5 per cent to 21.2 billion from 19.5 billion. However, revenue seat miles lagged slightly, rising 8.2 per cent to 16.9 billion from 15.6 billion.
Toronto-based Porter, which offers routes in Eastern Canada and the northeastern United States, also reported a strong December, a month that featured continuing volatility on stock markers amid continuing fears for the global economy, including a return to recession in parts of Europe.
Its load factor for the month was 63.9 per cent, up 1.5 percentage points from December 2010 and a record for the airline.
The figure was based on 117.6 million available seat miles, an increase of 26.7 per cent over the same month in 2010 as the airline expanded its number of routes over the year, and 75.2 million revenue passenger miles, up 29.9 per cent.
For the full year, Porter said it flew a record 2.1 million passengers, up from 1.56 million the previous year.
"Porter is one of the fastest growing airlines in North America," president and CEO Robert Deluce said in highlighting the results. "We're proud of what we've accomplished as a team and are ready to make our mark in 2012."
Share Tools
Top News Headlines
- Neil Macdonald: Harper no Obama when it comes to dealing with scandals
- Beset by three so-called scandals at the moment, Barack Obama has been meeting his accusers and the press head on, Neil Macdonald writes. The same cannot be said for how Stephen Harper operates. more »
- Court freezes assets in widening SNC-Lavalin probe
- The RCMP are moving to freeze millions of dollars in bank accounts and real estate holdings in Montreal and Florida in their expanding probe into Canadian engineering firm SNC-Lavalin. more »
- Needed: New approaches to defuse 'suicide contagion' among teens
- Mental health experts say we need to find new ways to refer to and discuss suicide, particularly now that a large medical study has confirmed that teens are more susceptible to the idea if they know a schoolmate who died that way. more »
- 2nd suspect in Tim Bosma case in court today on murder charge
- A second man arrested in the death of Tim Bosma, a Hamilton father who disappeared after taking two men on a test drive, is due in court today to face a charge of first-degree murder. more »
Must Watch
Latest Business Headlines
- Real estate site Zoocasa adds MLS listings, agent recommendations
- Zoocasa, an upstart real estate company owned by Rogers, has launched a revamped website that aims to compete with Realtor.ca by presenting MLS listings in a more user-friendly format and connecting clients with realtors from major agencies.
more »
- Court freezes assets in widening SNC-Lavalin probe
- The RCMP are moving to freeze millions of dollars in bank accounts and real estate holdings in Montreal and Florida in their expanding probe into Canadian engineering firm SNC-Lavalin. more »
- U.S. Republicans aim to take hold of Keystone XL decision
- The American political brawl over the approval of TransCanada's proposed Keystone XL pipeline shifted into overdrive on Wednesday as Republicans in the House of Representatives made yet another attempt to take the decision out of U.S. President Barack Obama's hands. more »
- Cooling housing market will cost us 150,000 jobs, mortgage group warns
- The government's effots to cool the housing market will have a negative impact on the economy and the range of industries that depend on house sales — everything from mortgage financing to furniture and appliance sales — the group that represents the mortgage industry says. more »
- German software firm SAP plans to hire hundreds with autism
- German software firm SAP says it wants to hire hundreds of people with autism to work as programmers and testers for its products. more »
Lang & O'Leary Exchange
Markets
| Index | Last Trade | Change |
|---|---|---|
| TSX COMPOSITE | 12752.50 | 10.07 |
| DOW | 15307.17 | -80.41 |
| NASDAQ | 3463.30 | -38.82 |
| SP 500 | 1655.35 | -13.81 |
| TSX-VENTURE | 942.08 | 2.67 |
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.
- 2nd suspect named in Tim Bosma slaying
- Killing near London barracks probed as 'terror' act
- Senators' Alfredsson on defeating Penguins: 'Probably not'
- Rob Ford fired as Don Bosco Eagles football coach
- Harper 'not consulted' about Duffy Senate expense repayment
- 1.3 million Montrealers face boil water advisory
- Xbox One: A closer look
- Plumber's car explodes near Vancouver apartments
- 'You will see him again in heaven,' Sharlene Bosma tells daughter

