07-Jul-2009 11:35 AM
WestJet and Air Canada slip on weak yield/loads, Gol yields steady, Republic sold off
Analysis
Shares in WestJet and Air Canada (B shares) fell 4.3% and 0.7%, respectively, yesterday as both carriers reported weaker load factors for the month of June (see below). WestJet President and CEO, Sean Durfy stated, "we anticipate second quarter revenue per available seat mile (RASM) to be in line with our original expectations of a second quarter year-over-year decline of 16 to 18%". It's a cold world out there.
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