Wings Magazine

News
Lower fuel costs help WestJet net a 19% rise in quarterly profit

WestJet Airlines Ltd reported a 19 per cent rise in quarterly profit, helped by lower fuel costs and addition of new routes.


July 28, 2015  By Reuters

Global crude prices have nearly halved from June last year, lowering costs for airlines and logistics and shipping companies, among others.

WestJet’s fuel costs fell 21.8 per cent to $214.9-million in the second quarter. Fuel is usually an airline’s largest variable cost, accounting for a third or more of operating expenses. | READ MORE

Stories continue below
Print this page

Related
WestJet’s profit jumps due to lower fuel costs
Quarterly profits take flight at WestJet despite soaring fuel costs
Quarterly profits take flight at WestJet despite soaring fuel costs
JetBlue posts first quarter profit as fuel costs drop

Tags