Tuesday, April 28th5.5°C
25858
24949

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

25990


Recent Trending




Today's Market
S&P TSX15344.08-64.25
S&P CDNX690.10-7.60
DJIA18037.97-42.17
Nasdaq5060.25-31.84
S&P 5002108.92-8.77
CDN Dollar0.8297+0.0026
Gold1199.90-3.40
Oil56.77-0.22
Lumber255.00-1.20
Natural Gas2.488-0.002

 
Okanagan Companies
Pacific Safety0.08-0.04
Knighthawk0.010.00
QHR Technologies Inc1.40+0.02
Cantex0.035+0.005
Anavex Life Sciences0.395-0.035
Metalex Ventures0.095+0.000
Russel Metals27.05-0.11
Copper Mountain Mining1.25+0.10
Colorado Resources0.10+0.01
ReliaBrand Inc0.004-0.001
Sunrise Resources Ltd0.04+0.01
Mission Ready Services0.19-0.01
Decisive Dividend Corporation1.80+0.10

 





FEATURED Property
2254506185 Gibbs Rd W
2 bedrooms 1 baths
$269,900
more details
image2image2image2
Click here to feature your property
Please wait... loading


Buy versus rent

Consider the top five reasons to buy versus rent: #5 Experience Freedom: Home ownership will free you from the ties that bind you to a landlord...no longer will you be dependent on someone else&rsq...


What's your score?

There was a time when we would sit down with nothing more than a sheet of paper and a sharp pencil to do the math. Totalling our expenses and subtracting our revenue, the amount left over was the answ...


Do you dare to dream?

Photo: Thinkstock.comI have never been able to understand why some people can only see as far ahead as the end of the current day. Instead of aiming for long term goals, they just wallow in their ever...

_



26091




Member of BC Press Council


25541