Friday, September 19th17.4°C
19716
22646

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."

The Canadian Press


Read more Business News

21196


Recent Trending




Today's Market
S&P TSX15465.54+6.66
S&P CDNX965.79-6.72
DJIA17265.99109.14
Nasdaq4593.426+31.237
S&P 5002011.36+9.79
CDN Dollar0.9129-0.0014
Gold1223.30-3.60
Oil92.93-0.14
Lumber349.00+1.00
Natural Gas3.958-0.017

 
Okanagan Companies
Pacific Safety0.16-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.32+0.07
Cantex0.060.00
Anavex Life Sciences0.2261-0.01
Metalex Ventures0.060.00
Russel Metals37.01+0.64
Copper Mountain Mining2.68-0.05
Colorado Resources0.175+0.005
ReliaBrand Inc0.024-0.003
Sunrise Resources Ltd0.02-0.005
Mission Ready Services0.30+0.01

 



23486

FEATURED Property
2007909214 - 2440 Old Okanagan Hwy.
4 bedrooms 3 baths
$298,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


Executors and their duties

There will be a time when you will need to decide who you should appoint as executor of your Will. As well, there may be a time when you will be asked by someone to act as the executor of his or her W...


Power-save your way to a down payment

Part 1 of 2 Photo: Thinkstock.com1. Move in with your parents or in-laws Explain that you're thinking strategically in moving back home. The quickest way to get into the housing market is to ma...


Price Guarantees

Article written by Linda Bustos Though I’d never recommend “lowest prices” as a unique selling proposition, I notice many retailers use a Price Match Guarantee or even a 110% Guara...

_








Member of BC Press Council


23262