August 1, 2012 / 12:22 PM / 5 years ago

WestJet posts higher profit, raises dividend

Aug 1 (Reuters) - WestJet Airlines Ltd said its second-quarter profit rose 66 percent and raised its quarterly dividend by more than 33 percent.

Canada’s second-biggest airline said net income rose to C$42.5 million, or 31 Canadian cents per share, for the second quarter from C$25.6 million, or 18 Canadian cents, a year earlier.

WestJet, which is preparing to launch a regional carrier in the second half of 2013, said revenue rose to C$809.3 million from C$742.3 million.

The airline also raised its quarterly dividend to 8 Canadian cents per share.

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