WestJet's Q1 earnings jump on lower fuel costs

Tue May 5, 2015 6:40am EDT
 
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TORONTO May 5 (Reuters) - Canada's WestJet Airlines Ltd reported a sharp rise in first-quarter earnings on Tuesday, helped by lower fuel prices and an improvement in other operating costs as revenue rose.

Net earnings rose to C$140.7 million ($116.4 million), or C$1.09 a share, from C$89.3 million, or 69 Canadian cents per share, a year earlier. Revenue rose 4 percent to C$1.08 billion.

($1 = $1.21 Canadian) (Reporting by Allison Martell; editing by Jason Neely)