WestJet ends 2018 with 67% drop in net profit on higher costs

Credit: WestJet
Canadian LCC WestJet reported 2018 fourth-quarter net earnings of C$29.2 million, down 39% year-over-year (YOY). Quarterly revenue increased 6% to C$1.2 billion, while operating costs of $1.1 billion rose 9%. Quarterly operating margin fell 2.8 points to 4.1%. RASM was C14.72 cents, while all-in...

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