{"id":7796,"date":"2012-02-09T01:49:06","date_gmt":"2012-02-08T23:49:06","guid":{"rendered":"http:\/\/www.myza.co.za\/02\/update-2-westjet-profit-dips-but-tops-expectations\/"},"modified":"2012-02-09T01:49:06","modified_gmt":"2012-02-08T23:49:06","slug":"update-2-westjet-profit-dips-but-tops-expectations","status":"publish","type":"post","link":"https:\/\/www.myza.co.za\/press\/update-2-westjet-profit-dips-but-tops-expectations\/","title":{"rendered":"UPDATE 2-WestJet profit dips but tops expectations"},"content":{"rendered":"<p>\t\t<span><\/span><\/p>\n<p>* Q4 EPS C$0.26, matches year-ago EPS<span><\/span><\/p>\n<p><span><\/span><\/p>\n<p>* Revenue climbs nearly 13 pct to C$781.5 mln<\/p>\n<p><span><\/span><\/p>\n<p>* Employees vote in favor of new regional airline<\/p>\n<p><span><\/span><\/p>\n<p>TORONTO, Feb 8 (Reuters) &#8211; WestJet Airlines Ltd<br \/>\n said on Wednesday its quarterly earnings dipped in the<br \/>\nfourth quarter but the result topped expectations for Canada&#8217;s<br \/>\nsecond-largest air carrier as revenue jumped.<\/p>\n<p><span><\/span><\/p>\n<p>The company also said its employees had endorsed its plan to<br \/>\nstart a regional carrier using a fleet of turboprop aircraft to<br \/>\nserve smaller Canadian markets.<\/p>\n<p><span><\/span><\/p>\n<p>Earnings dipped to C$35.6 million ($35.6 million), or 26<br \/>\nCanadian cents a share, from C$37.2 million, or 26 Canadian<br \/>\ncents, in the same period last year.<\/p>\n<p><span><\/span><\/p>\n<p>Analysts, on average, had forecast earnings of 20 Canadian<br \/>\ncents a share, according to Thomson Reuters I\/B\/E\/S.<\/p>\n<p><span><\/span><\/p>\n<p>Revenue increased nearly 13 percent to C$781.5 million.<\/p>\n<p><span><\/span><\/p>\n<p>WestJet, which may launch the short-haul service as early as<br \/>\n2013 with a fleet of about 40 turboprops, said it will now ask<br \/>\nfor proposals from Bombardier Inc, for its Q400<br \/>\nNextGen plane, and ATR, a joint venture of aerospace group EADS<br \/>\n and Italian defence group Finmeccanica, for<br \/>\nits ATR 72-600 aircraft.<br \/>\n\u00a0 <span class=\"label\"><strong>Continued&#8230;<\/strong><\/span><\/p>\n<p><span><\/span><\/p>\n","protected":false},"excerpt":{"rendered":"<p>* Q4 EPS C$0.26, matches year-ago EPS * Revenue climbs nearly 13 pct to C$781.5 mln * Employees vote in favor of new regional airline TORONTO, Feb 8 (Reuters) &#8211; WestJet Airlines Ltd said on Wednesday its quarterly earnings dipped in the fourth quarter but the result topped expectations for Canada&#8217;s second-largest air carrier as [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_genesis_hide_title":false,"_genesis_hide_breadcrumbs":false,"_genesis_hide_singular_image":false,"_genesis_hide_footer_widgets":false,"_genesis_custom_body_class":"","_genesis_custom_post_class":"","_genesis_layout":"","ngg_post_thumbnail":0,"_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":false,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[1],"tags":[830,2370,183],"class_list":{"0":"post-7796","1":"post","2":"type-post","3":"status-publish","4":"format-standard","6":"category-south-africa","7":"tag-news","8":"tag-reuters","9":"tag-south-africa-2","10":"entry"},"jetpack_publicize_connections":[],"jetpack_featured_media_url":"","jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7796","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/comments?post=7796"}],"version-history":[{"count":0,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/posts\/7796\/revisions"}],"wp:attachment":[{"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/media?parent=7796"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/categories?post=7796"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.myza.co.za\/press\/wp-json\/wp\/v2\/tags?post=7796"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}