Topic: Growth Stocks

WESTJET AIRLINES $18.55 – Toronto symbol WJA

WESTJET AIRLINES $18.55 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1- 877-493-7853; www.westjet.com; Shares outstanding: 126.9 million; Market cap: $2.4 billion; Dividend yield: 1.7%) reports that its revenue rose 11.8% in the three months ended September 30, 2012, to $866.5 million from $775.3 million a year earlier.

Earnings jumped 79.9%, to $70.6 million from $39.3 million. That’s a new record for the second quarter. The higher revenue pushed up the company’s earnings.

WestJet aims to start up its new shorthaul Canadian regional airline, which it has now named WestJet Encore, by the end of 2013. Encore will serve smaller centres with Bombardier turboprop planes.

WestJet is still a buy.

Comments

Tell Us What YOU Think

You must be logged in to post a comment.

Please be respectful with your comments and help us keep this an area that everyone can enjoy. If you believe a comment is abusive or otherwise violates our Terms of Use, please click here to report it to the administrator.