WestJet has a strong March

Article Excerpt

WESTJET $25.59 (Toronto symbol WJA; TSINetwork Rating: Extra Risk) (1-877-493-7853; www.westjet.com; Shares outstanding: 129.4 million; Market cap: $3.3 billion; Dividend yield: 1.9%) carried 4.8 million passengers in March 2014, up 7.0% from 4.5 million a year earlier. The company’s load factor fell to 84.0% from 86.1% in March 2013. (Load factor is the percentage of available seats that are occupied by paying passengers.) However, the decline was low considering that WestJet increased its capacity by 6.6% to meet higher demand. Demand for its flights remains high, and the launch of its new Canadian regional airline, WestJet Encore, has gone well. WestJet is a buy. buy…