Topic: Growth Stocks

WESTJET AIRLINES $24.93 – Toronto symbol WJA

WESTJET AIRLINES $24.93 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493-7853; www.westjet.com; Shares outstanding: 124.1 million; Market cap: $3.1 billion; Dividend yield: 1.6%) is upgrading its interline agreement with Air France to a full codesharing arrangement.

Through code-sharing deals, airlines sell seats on one another’s planes using the same two-letter code.

Code-sharing agreements are especially valuable for attracting business passengers, because they let customers seamlessly connect between flights, and gain frequent-flyer points for the entire distance travelled.

WestJet is our #1 stock pick for 2013.

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