(Reuters) - Forward bookings at WestJet Airlines Ltd (WJA.TO) look sound, its chief executive said on Monday, even as the carrier reported slightly emptier planes in February.
Canada’s second-biggest airline said its load factor dipped to 82.7 percent last month from 83.6 percent as an increase in capacity outpaced a rise in passenger traffic.
Capacity rose 10.9 percent while traffic increased 9.9 percent.
Forward bookings “are healthy”, WestJet CEO Gregg Saretsky said in a statement.
The month of March, which includes the spring break school holiday across Canada, is typically a strong traffic month, National Bank Financial analyst Cameron Doerksen said in a note to clients.
WestJet’s stock was down nearly 1 percent at C$13.97 on the Toronto Stock Exchange, in line with a weaker overall market.
Reporting By Nicole Mordant in Vancouver; editing by Rob Wilson