Rise in WestJet’s Corporate Business Base

Published on : Friday, July 29, 2016

westjetAlthough passenger revenue dipped year over year WestJet reported double-digit revenue growth from corporate accounts.

 

The Canadian carrier is still in the early days of corporate business penetration outside its home market of Alberta but is “seeing a lot of traction” in building overall corporate business, executive vice president of commercial Bob Cummings said in WestJet’s earnings call.

 

According to president and CEO Gregg Saretsky the carrier’s new service to London’s Gatwick Airport, which began in May, has been “running at a completion rate of 100 percent” and with above-average load factors.

 

A number of domestic and international flights will be added to WestJet’s fleet in its winter schedule. It was announced by the airline earlier this week. Among those are new service between Regina, Sask., and Orlando and several new flights from Toronto to destinations including Ottawa, San Jose and Vancouver.

 

Capacity increased 6.9 percent year over year during the quarter, and traffic increased 10.6 percent, bumping WestJet’s load factor up 2.7 percentage points to 80.8 percent. Yield declined 8.9 percent during the quarter.

 

 

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