Porter Aviation to post first yearly profit

Porter Aviation Holdings will post its first annual profit in 2011 says chief executive officer Robert Deluce. The airline has succeeded in bolstering its passenger loads and fending off competition from Air Canada at Billy Bishop Toronto City Airport. Instead of wilting under the pressure from Air Canada, Porter’s load factor – the proportion of seats filled by paying customers – surged during the May-to-November period. Porter’s planes, which have been roughly half-full on average during most of the airline’s five-year history, flew nearly two-thirds full over the past seven months.