WestJet Airlines has confirmed it will pay its first dividend to shareholders as the Canadian airline sketched a positive outlook for its next quarter. Calgary-based WestJet confirmed it would pay a quarterly dividend of five Canadian cents per share and reinstated its share buy-back program.
WestJet Airlines has secured its first interline agreement with a US-based partner, linking up with American Airlines. The deal means customers travelling to Canada and transferring to WestJet flights can purchase a single ticket and check bags through to their final destination, as the Calgary-based carrier seeks to expand its presence in the recovering US market.
Demand for transborder travel has prompted a marked improvement in the financial performance of both WestJet and Air Canada. While the national flag-carrier remained in the red for the second quarter, WestJet – which has remained profitable throughout the recession – recorded a net profit of C$21 million.
Southwest Airlines notified WestJet today of its intent to terminate the agreement to offer connecting service between the United States and Canada with WestJet. Recently, WestJet requested significant changes to the agreement that the two airlines have had in place since 2008, and WestJet has since reaffirmed and clarified its request. Southwest cannot agree with the modifications to the confidential agreement.
Spending on tourism in Canada increased during the final quarter of 2009, as numbers of both international and domestic visitors grew. Meanwhile, Canadian airline WestJet has been eyeing expansion plans.
Accertify, the leading provider of enterprise-wide transaction screening solutions, announced today that it has signed a deal with WestJet, Canada’s leading high-value, low-fare airline.
WestJet announced today that in cooperation with the U.S. Transportation Security Administration, Transport Canada and the Canadian Air Transport Security Authority (CATSA), enhanced security screening measures in place at Canadian airports since December 25, 2009, will remain in effect until January 4, 2010.
It`s no secret that the travel industry has been struggling lately. But one segment continues to do well - the low-fare airlines such as Southwest Airlines in the United States, Ryanair and easyJet in Europe, WestJet in Canada, GOL Airlines in Brazil and Virgin Blue in Australia.