November 3, 2015 / 11:40 AM / 2 years ago

WestJet profit nearly doubles on lower fuel costs

Nov 3 (Reuters) - Canada’s WestJet Airlines Ltd reported a 95 percent rise in quarterly profit, helped by lower fuel costs.

Net earnings rose to C$101.8 million ($78 million), or 82 Canadian cents per share, in the third quarter ended Sept. 30 from C$52.2 million, or 40 Canadian cents per share, a year earlier.

Revenue rose 3.5 percent to C$1.05 billion. ($1 = C$1.31) (Reporting By Allison Lampert in Montreal and Amrutha Gayathri in Bengaluru; Editing by Savio D‘Souza)

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