Topic: Growth Stocks

Stock Pickers Digest Hotline – Friday, June 24, 2011

Article Excerpt

PLEASE NOTE: Our next Hotline will go out on Thursday, June 30, 2011. WESTJET AIRLINES, $14.69, symbol WJA on Toronto, is now in the process of upgrading its “interline” agreement with Delta Air Lines to a full “code sharing” arrangement. Delta is the second-busiest U.S. airline carrier by traffic, behind United Airlines. WestJet signed an interline agreement with Delta in February 2011. Under these agreements, two airlines co-operate on flights and baggage handling. WestJet has similar deals with Air France-KLM, China Airways of Taiwan, and Hong Kong-based Dragonair. As well, the company recently signed interline agreements with Australia’s Qantas Airlines and Japan Airlines Corp. Under a “code sharing” agreement, WestJet would also be able to sell seats and move luggage onto Delta flights. That would let WestJet serve more cities without having to add flights of its own. WestJet now has code-sharing deals with Cathay Pacific and American Airlines. Code-sharing agreements are especially valuable for attracting business passengers. That’s because these agreements let…

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