Topic: Growth Stocks

WESTJET AIRLINES $27.23 – Toronto symbol WJA

Article Excerpt

WESTJET AIRLINES $27.23 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493-7853; www.westjet.com; Shares outstanding: 127.8 million; Market cap: $3.6 billion; Dividend yield: 1.8%) is now charging a $25 fee for each checked bag on its cheapest flights, effective October 29. The fee will apply to domestic and U.S.- bound routes. The company believes the fee will affect 20% of its passengers and will generate about $95 million of revenue annually. To put that in context, WestJet’s revenue was $847.4 million in the latest quarter. After WestJet’s announcement, Air Canada said it will also start charging a $25-a-bag fee on flights within Canada. Air Canada has charged a baggage fee on routes between Canada and the U.S. since 2011. WestJet is a buy. buy. …