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Company News

Canada's WestJet posts second-quarter profit

July 26 (Reuters) - WestJet Airlines Ltd, which is being acquired by Onex Corp, reported a quarterly profit on Friday, compared with a year-earlier loss, as it flew more passengers at higher prices.

Canada’s second-largest carrier reported a net profit of C$44.3 million ($33.65 million), or 38 Canadian cents per share, in the second quarter ended June 30, compared with a loss of C$15.8 million, or 14 Canadian cents per share, a year earlier.

The company also recorded gains related to foreign exchange and disposal of property and equipment.

$1 = 1.3166 Canadian dollars Reporting by Shanti S Nair in Bengaluru; Editing by Anil D’Silva

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