WestJet Airlines posts higher than expected revenues increase in Q3 2019

WestJet Airlines has posted a revenues increase of 10.5% to $1.39 billion, up from $1.26 billion in the prior year despite carrying fewer passengers. The Calgary-based airline has said it made earnings of $119.4 million in the third quarter, the second-highest level in the airline’s history. Beating a guidance of $91.4 million. No conference call will be held by WestJet to discuss the quarterly results ahead of its planned $3.5 billion acquisition by Onex Corp, which is being contested by Air Canada over foreign ownership limits. In July, WestJet shareholders approved the proposed acquisition with 92.5% voting in favour. During