Canada's WestJet Airlines profit dips as load factor falls

Tue Nov 5, 2013 6:43am EST
 
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Nov 5 (Reuters) - WestJet Airlines Ltd, Canada's second-largest carrier, reported an 8 percent drop in quarterly profit as it flew fewer passengers in the third quarter.

The low-cost airline said net income fell to C$65.1 million, or 50 Canadian cents per share, in the quarter ended Sept. 30 from C$70.6 million, or 52 Canadian cents per share, a year earlier.

Revenue grew nearly 7 percent to C$924.8 million. ($888.5 million)