Friday, October 24th0.6°C
23888
22952

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

23658


Recent Trending




Today's Market
S&P TSX14496.64+9.81
S&P CDNX805.51-3.09
DJIA16733.6555.75
Nasdaq4465.83+13.038
S&P 5001956.94+6.12
CDN Dollar0.8912+0.0008
Gold1230.20+1.10
Oil80.28-1.47
Lumber335.80+6.20
Natural Gas3.571-0.051

 
Okanagan Companies
Pacific Safety0.105-0.005
Knighthawk0.01-0.005
QHR Technologies Inc1.14-0.03
Cantex0.07+0.015
Anavex Life Sciences0.195-0.003
Metalex Ventures0.045+0.005
Russel Metals33.20+0.04
Copper Mountain Mining2.05-0.03
Colorado Resources0.14-0.005
ReliaBrand Inc0.012-0.001
Sunrise Resources Ltd0.05-0.01
Mission Ready Services0.410.00

 



23833

FEATURED Property
19633482533 Lucinde Road
4 bedrooms 6 baths
$2,389,000
more details
image2image2image2
Click here to feature your property
Please wait... loading


What I learned in China

Photo: ContributedI will never be an expert on China. It is just too big, too complex and too old with layers of history and meaning that would take several lifetimes to unravel. As I said to my hosts...


We can get on together

I was in LA this week. I witnessed such crazy and unusual circumstances as I strolled along Hollywood Blvd and Sunset Blvd. A far cry from sleepy Peachland in the Okanagan! The strange thing was, I f...


Weakening global growth worries

The Big Picture Growth worries persist Worries about weakening global growth and its potential impact on the US economic recovery roiled markets around the globe this week. Europe continues to be the ...

_








Member of BC Press Council


22632