Canada’s WestJet posts $219 million net profit for 2016

Credit: Rob Finlayson
Canadian low-cost carrier (LCC) WestJet reported a full-year 2016 net profit of C$295.5 million ($219.4 million), down 19.6% from C$367.5 million in 2015. The Calgary-based LLC’s earnings were driven by a 15.9% increase in ancillary revenue, which management said was partially offset by “downward...

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