WestJet employees approve creation of regional airline
Calgary-based airline profit dips but tops expectations
Westjet Ops by
BigtimeAa, on Flickr
Calgary-based WestJet Airlines Ltd said Wednesday the majority of its employees have approved the creation of a short-haul regional airline.
Canada's second-largest airline said
91 percent of employees backed the idea of the new business, which would serve new cities and increase revenue.
“The opportunity presented to WestJetters has been very well received and I thank them for their input and consideration in this important matter,” said Gregg Saretsky, WestJet chief executive, in a statement.
WestJet said on Wednesday its quarterly earnings dipped in the fourth quarter but the result topped expectations for Canada’s second-largest air carrier as revenue jumped.
Earnings dipped to $35.6 million, or 26 Canadian cents a share, from $37.2 million, or 26 Canadian cents, in the same period last year.
Analysts, on average, had forecast earnings of 20 Canadian cents a share, according to Thomson Reuters I/B/E/S.
Revenue increased nearly 13 per cent to $781.5 million.
WestJet, which may launch the short-haul service as early as 2013 with a fleet of about 40 turboprops, said
it will now ask for proposals from Bombardier Inc, for its Q400 NextGen plane, and ATR, a joint venture of aerospace group EADS and Italian defence group Finmeccanica, for its ATR 72-600 aircraft.
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