Westjet to launch low-cost carrier in Canada amid record profits

Westjet has announced the name and logo for its new, ultra-low-cost airline.

Named Swoop, the carrier will begin selling flights in early 2018. 

Westjet says Swoop will offer customers travelling within Canada a ‘no-frills, low-fare’ option.

The airline will have its headquarters in Calgary and will announce further details of its routes in due course. 

WestJet profit climbs 20 per cent as airline carries more passengers 

WestJet saw its third-quarter profit grow by about 20 per cent compared with a year ago as it increased capacity and traffic. The airline says it earned $138.4 million or $1.18 per diluted share for the quarter that ended September 30. 

That compared with a profit of $116.0 million or 97 cents per diluted share in the same quarter last year. Capacity in the quarter measured by available seat miles increased 5.8 per cent, while traffic measured by revenue passenger miles increased 7.9 per cent compared with a year ago. 

WestJet’s load factor for the quarter amounted to 85.7 per cent, up from 84.0 per cent.

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