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Topic: Growth Stocks

WESTJET AIRLINES $15.73 – Toronto symbol WJA

WESTJET AIRLINES $15.73 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493-7853; www.westjet.com; Shares outstanding: 130.1 million; Market cap: $2.0 billion; Dividend yield: 1.5%) is upgrading its interline agreement with Korean Air to a full codesharing deal.

WestJet will now be able to sell seats on Korean Air flights. That will let WestJet serve more cities without having to add flights of its own.

Code-sharing agreements are especially valuable for attracting business passengers, because they let customers seamlessly connect between flights and gain frequent flyer points for the entire distance travelled.

WestJet is still a buy.

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