Air Transport World

Calgary-based WestJet. (News Briefs: North America Report).(had net income of C$9.3 million ($6.1 million) for fourth quarter)(Brief Article)

Calgary-based WestJet cited the impact of rising fuel prices and a drop in demand for flat net income of C$9.3 million ($6.1 million) in the fourth quarter. Executives declined to comment on the outlook for the 2003 first quarter but said the "majority" of earnings this year will come in succeeding quarters. Fourth-quarter revenues increased 32.7% to C$176.3 million and operating expenses climbed 36.7%, resulting in operating income of C$15.1 million, up 1. …

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