136980
136908


Airfares up 10 per cent

An RBC survey says airfares rose by more than 10 per cent in the first two months of the third quarter as Air Canada and WestJet passed along higher crude oil prices.

Despite slipping a bit in August, fares rose 12.5 per cent at Air Canada for July and August and were 11.3 per cent higher than a year earlier at WestJet.

The country's two largest airlines implemented fare increases in July, mostly on domestic routes.

Analyst Walter Spracklin says he expects fares will increase further, with Air Canada likely being more aggressive in passing along oil price increases.

He says Calgary-based WestJet is likely still recovering from weak booking levels resulting from the threat of a pilot strike.

Passenger traffic remains strong with WestJet reporting 8.1 per cent growth in August, less than the capacity growth of 10 per cent.



More Business News

134721
136713
137176
Data from CryptoCompare
Recent Trending
136549
Soft 103.9
136977
Castanet Proud Member of RTNDA Canada
137214
Press Room
136044
136264