WestJet picks McCafe

Article Excerpt

WESTJET AIRLINES $22.74 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493-7853; www.westjet.com; Shares o/s: 118.9 million; Market cap: $2.8 billion; Dividend yield: 2.5%) has partnered with McDonald’s Canada (its parent, McDonald’s Corp., symbol MCD on New York, is a recommendation of our Wall Street Stock Forecaster newsletter) to serve the restaurant chain’s McCafe Premium Roast coffee on board its aircraft. On December 1, 2016, WestJet began offering a complimentary McCafe Premium Roast coffee to all passengers across its fleet of Boeing 737 and 767 aircraft. The company’s regional airline, WestJet Encore, will follow later. Tim Hortons and Starbucks Canada reportedly bid on the WestJet contract as well. Rival Air Canada uses Second Cup as its supplier. WestJet was a top pick for 2016. It is still a buy. buy…