Westjet continues profitability trend, with rare profit in tough 4Q08, but outlook challenging

WestJet continued its profitability trend in the three months ended 31-Dec-08 (4Q08), reporting a net profit of USD32.9 million (although this represented a 45.9% year-on-year reduction). While WestJet’s 4Q08 results were “among the best” in North America, they also reflected the challenges in the current operating environment, characterised by unpredictable oil prices, economic uncertainty and volatility in the financial markets.

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