Air Canada, WestJet increase July load factors amid higher passenger traffic
Canada's major airlines had a busy July.
Air Canada (TSX:AC.B) reports that last month's load factor was a 86.7 per cent, a record for the Montreal-based airline and ahead of WestJet's 83.3 per cent.
The load factor reflects how much of an airline's fleet capacity has been used by passengers.
Air Canada also reported its overall fleet capacity was up 11.4 per cent compared with a year before, while passenger traffic was up 12.7 per cent.
Earlier Wednesday, WestJet (TSX:WJA) reported a load factor of 83.3 per cent, up 0.2 percentage points year-over-year, while revenue passenger miles, or traffic, increased 6.7 per cent.
WestJet's capacity grew 6.6 per cent over the same period.
RBC Dominion Securities analyst Walter Spracklin says the higher load factors "continue to highlight the strength of the Canadian travel demand environment."
Read more Business News
- Traffic stop payoutVernon / N. Okanagan - 12:17 pm
- Ross Gorman passes awayWest Kelowna - 3:01 pm
- Candidates' forumMunicipal Elections 2014 - 2:55 pm
- Officer charged with murderBC - 11:52 am
|QHR Technologies Inc||1.12||+0.01|
|Anavex Life Sciences||0.191||+0.001|
|Copper Mountain Mining||1.99||+0.05|
|Sunrise Resources Ltd||0.06||0.00|
|Mission Ready Services||0.45||0.00|
This time of year, I always worry about which friends of mine will get caught going off the road in adverse weather conditions. With a little preparation most accidents can be avoided. Having won the...
Photo: Thinkstock.comThe end of record-low rates is nigh, according to one major bank, which has taken a stance and predicted when the Bank of Canada will raise its long-standing overnight rate. &ldq...
The third week in October is “Small Business Week”, a week dedicated to supporting local, small businesses. The week was designed to bring awareness to Canadians about the role small busin...