tcook052
Jul 6, 09, 1:45 pm
http://network.nationalpost.com/np/blogs/tradingdesk/archive/2009/07/06/westjet-s-june-load-factor-down-but-worth-a-buy.aspx
Canada's top budget air carrier WestJet Airlines released disappointing June load factor results Monday, but Versant Partners is looking ahead to the expected 2010 recovery and expects the airline to lead the way.
WestJet reported a load factor of 72.9% for June, less than the 76.5% posted in the same period last year. Overall second-quarter results came in at 76.1%, also less than the 79.5% recorded in 2008 and slightly behind Versant's forecast of 77%.
Canada's top budget air carrier WestJet Airlines released disappointing June load factor results Monday, but Versant Partners is looking ahead to the expected 2010 recovery and expects the airline to lead the way.
WestJet reported a load factor of 72.9% for June, less than the 76.5% posted in the same period last year. Overall second-quarter results came in at 76.1%, also less than the 79.5% recorded in 2008 and slightly behind Versant's forecast of 77%.