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Technology Air Canada (TSX:AC) Beats Out WestJet Airlines Ltd. (TSX:WJA) in Q2: Why You Should Avoid Both

18:46  03 august  2018
18:46  03 august  2018 Source:   fool.com

WestJet flight makes emergency landing at Calgary airport

  WestJet flight makes emergency landing at Calgary airport According to WestJet, shortly after departure at around 6:30 a.m. MT, crews were alerted by a fire warning light in the cargo area. A WestJet flight from Calgary bound for Vancouver had to make an emergency landing on Thursday morning.According to WestJet, shortly after departure at around 6:30 a.m. MT, crews from flight 113 were alerted by a fire wa Crews then declared an emergency landing before turning back to Calgary, WestJet said. The plane landed normally and safely, according to the company.

Air Canada ( TSX : AC )( TSX : AC .B) stock had nearly doubled for the full calendar year in 2017 and airlines reported record passenger traffic. Back in June I’d discussed why investors should avoid airline stocks this summer with economic headwinds building up.

Instrument Name Westjet Airlines Ltd ( Instrument Exchange TSX : Instrument Symbol WJA -T). It operates WestJet Vacations, which provides air , hotel, car and excursion packages, and WestJet Encore which operates a fleet of turboprop aircraft in a network of destinations in Canada and the

a large passenger jet sitting on top of a runway© Provided by Fool

In 2017 airline stocks were coming off a banner year. Air Canada(TSX:AC)(TSX:AC.B) stock had nearly doubled for the full calendar year in 2017 and airlines reported record passenger traffic. This year has been a different story, however.

Back in June I’d discussed why investors should avoid airline stocks this summer with economic headwinds building up. The previous economic crisis ushered in a period of crisis for airliners. Air Canada and other major airliners managed to avert catastrophe, but shares were hammered in 2008 and 2009. Shares of Air Canada are down 10% in 2018 as of close on August 2.

After 60-hour delay, WestJet passengers might get $1,800 each in compensation

  After 60-hour delay, WestJet passengers might get $1,800 each in compensation But that's only because the flight was leaving from the EU.The couple, who are U.K. citizens but relocating to Canada as permanent residents, were among the passengers who experienced a trip delay of over 60 hours after WestJet flight 004 from London's Gatwick airport to Toronto was cancelled not once but twice due to mechanical issues over the weekend.

Air Canada ( TSX : AC ) Beats Out WestJet Airlines Ltd . ( TSX : WJA ) in Q 2 : Why You Should Avoid Both . Air Canada ( TSX : AC ) and WestJet Airlines Ltd . ( TSX : WJA ) stock went in different directions after an earnings release, but broader headwinds for the airline industry remain.

WestJet Airlines Ltd . is a Canadian airline founded in 1996. It began as a low-cost alternative to the country's competing major airlines .

WestJet Airlines Ltd. (TSX:WJA) that suffered the steepest drop after it released its second-quarter results in the beginning of the week. The airliner reported its first quarterly loss in 13 months as it wrestled with a strike threat from its pilots. This comes after the June launch of its low-cost regional airliner Swoop.

One of the most significant threats to WestJet and the industry at large has been the rise in fuel costs in 2018. According to Statistics Canada energy costs were 12.4% higher in June compared to the previous year. This was after an 11.6% year-over-year increase in the month of May. Statistics Canada reported a 24.6% jump in the price of gasoline and a 25.9% increase in fuel oil and other fuels.

Airlines have benefited from the low fuels costs that came after the oil price collapse in 2014-2015. Higher passenger traffic combined with these factors to propel airliners to record earnings. With geopolitical pressures pushing oil and gas prices higher, airliners are facing mounting challenges.

Toronto lawyer files complaint against WestJet

  Toronto lawyer files complaint against WestJet Toronto lawyer files complaint against WestJetSelwyn Pieters, who is black, says the incident happened when he was trying to check in for a WestJet flight to Toronto on July 2, at the conclusion of a weeklong trip to Trinidad and Tobago, where he was doing legal work.

WJA .TO - WestJet Airlines Ltd . Toronto - Toronto Delayed Price. Cancer-free for eight years and counting, Leora is now speaking out about how Hope Air and WestJet played an integral part in her Why investors should consider Air Canada ( TSX : AC )( TSX : AC .B) but steer clear of WestJet Airlines

WestJet is proud to be named Best Airline in Canada and one of the Best Low Cost Airlines in North America by TripAdvisor two years running. Fuel surcharge between - round-trip still applies to Air MilesTM redemption bookings. Other restrictions may apply. Quebec licensee.

WestJet alluded to these factors as it announced that it would cut the number of available seat miles by 6%. It is also in the process of examining other routes to determine where capacity can be cut going forward. Higher fuel costs have been a headache, but it is the threat of the pilot strike that drove down profits in the second quarter. WestJet reported many cancellations and turned to heavy discounting in order to make up ground.

Broader economic headwinds are also a concern for airliners, as I discussed earlier in this article. According to recent reports, higher interest rates are already putting a larger burden on consumers. The Bank of Canada raised the benchmark rate again in July, but also warned of several problem areas in the economy. These included the housing market, trade issues, and the problem of near-record high consumer and household debt.

These potential headwinds combined with higher fuel prices make airlines a gamble for investors at this time. Of the two we have covered today, Air Canada has managed to avoid the complications that WestJet had to contend with in the second quarter. It also posted a fantastic second quarter and posted record operating revenues of $4.33 billion.

‘Off track’: WestJet Airlines stock dives after posting first quarterly loss in 13 years

  ‘Off track’: WestJet Airlines stock dives after posting first quarterly loss in 13 years The threat of WestJet's pilots going on strike in late May saw the company lose "tens of million of dollars"“Our 2018 results are off track from the path to our 2020 targets and we are now operating in a very different fuel and competitive environment against earlier assumptions,” WestJet’s chief executive Ed Sims told analysts on a conference call on Tuesday.

Air Canada ( TSX : AC ) Beats Out WestJet Airlines Ltd . ( TSX : WJA ) in Q 2 : Why You Should Avoid Both . - traffic. or years - I can set to achieving your - Canada ( TSX : AC ) and Westjet Airlines Ltd . ( TSX : WJA ) are still considerably lower than 1.5%, this - is still somewhat tepid, both Air Canada

Air Canada Rouge Opens in a New Window. Payment Methods. Air Canada Gift Cards. AC Conversion Card. Use our checked baggage calculator to determine your free checked baggage allowance, and any additional fees should you exceed it.

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Air Canada, WestJet raising bag fees .
Many Canadians will be forced to spend a little more to travel after Air Canada and WestJet Airlines Ltd. said they are increasing fees for passengers to check their bags. Load Error

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