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Canada's WestJet Airlines' profit falls 13 pct
February 7, 2017 / 11:40 AM / in 5 months

Canada's WestJet Airlines' profit falls 13 pct

1 Min Read

Feb 7 (Reuters) - Canada's WestJet Airlines Ltd reported a 13 percent fall in quarterly profit as higher costs squeezed margins.

The company's net earnings fell to C$55.2 million ($41.80 million), or 47 Canadian cents per share, in the fourth quarter ended Dec. 31, from C$63.4 million, or 51 Canadian cents per share, a year earlier. (nPn57lKY4a)

The Calgary-based airline's revenue rose to C$1.02 billion from C$958.7 million. ($1 = 1.3206 Canadian dollars) (Reporting by Komal Khettry in Bengaluru; Editing by Shounak Dasgupta)

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