WestJet at record passenger levels in October, Porter slumps

Mon Nov 5, 2012 10:20am EST
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* WestJet reports fourth month of record levels

* Forward bookings remain healthy, WestJet CEO says

* Porter says load factor down due to its focus on yield

TORONTO, Nov 5 (Reuters) - WestJet Airlines Inc flew with record-setting passenger levels in October for the fourth straight month, Canada's second-biggest carrier said on Monday.

WestJet's October load factor, or percentage of available seats filled with paying customers, rose to 81.2 percent from 77.4 percent a year earlier.

Traffic increased 5.9 percent as capacity, measured in available seat miles, rose just 0.9 percent.

"Forward bookings remain healthy and momentum continues at WestJet," said Chief Executive Gregg Saretsky.

Shares of the airline, which reports third-quarter financial results on Wednesday, rose 1.3 percent to C$18.04 on the Toronto Stock Exchange in early trade.

Year-to-date, WestJet's load factor has climbed to 82.9 percent from 79.8 percent in the same period last year. Traffic is up 8.2 percent, while capacity is 4.2 percent higher.   Continued...