WestJet extends its reach

Article Excerpt

WESTJET $24.77 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493- 7853; www.westjet.com; Shares outstanding: 125.8 million; Market cap: $3.0 billion; Div. yield: 2.3%) recently took delivery of the first of its four Boeing 767 extended-range wide-body aircraft. Over the next several months, this new plane will fly between Toronto and Calgary; the other three aircraft will arrive separately over the next eight months. The next two 767s will fly from Alberta to Hawaii and between Toronto and Montego Bay, Jamaica, beginning in December 2015. The fourth and final aircraft, which features 262 seats and an 11-hour range, will arrive next spring to launch WestJet’s new service to London, England, in May 2016. WestJet is a buy. buy…