for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up
Company News

WestJet profit drops 12 pct due to higher fuel prices

Feb 6 (Reuters) - Canada’s WestJet Airlines Ltd on Tuesday reported a 12 percent fall in fourth-quarter earnings, hurt by higher operating expenses as fuel prices increase.

The company’s net earnings fell to C$48.5 million ($38.70 million), or 42 Canadian cents per share, from C$55.2 million, or 47 Canadian cents per share, a year earlier.

Revenue rose 10 percent to C$1.12 billion. ($1 = C$1.2533) (Reporting by Anirban Paul in Bengaluru; Editing by Savio D’Souza)

for-phone-onlyfor-tablet-portrait-upfor-tablet-landscape-upfor-desktop-upfor-wide-desktop-up