STRONG EARNINGS FOR WESTJET, WHILE LOSSES NARROW AT AIR CANADA

WestJet reported yesterday that it more than tripled its second-quarter earnings to $25.6 million, or 18 cents a share, compared to a year ago. Fellow Canadian airline, Air Canada meanwhile narrowed its loss for the quarter to $46 million, or 20 cents a share. Although WestJet beat analysts’ estimates just, Air Canada fell short of the expected 17-cent loss, despite managing to achieve $475 million of the $530 million in cost and revenue improvements. Higher ticket prices allowed WestJet to manage yields in order to offset higher fuel costs, according to the airline’s chief Gregg Saretsky. However he also warned