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Winnipeg Free Press - PRINT EDITION
Canadian airlines post record ridership stats
WestJet reported an all-time record load factor of 88.9 per cent for August. (ADRIAN WYLD / THE CANADIAN PRESS ARCHIVES)
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TORONTO -- Canadians took to the skies on vacation last month as both Air Canada (TSX:AC.B) and WestJet Airlines Ltd. (TSX:WJA) reported records for the percentage of seats filled on their flights.
Calgary-based WestJet reported an all-time record load factor of 88.9 per cent for August, up from 83.3 per cent a year ago.
The increase came as revenue passenger miles, or traffic, increased 9.2 per cent year over year, and capacity, measured in available seat miles, grew 2.3 per cent.
WestJet president and CEO Gregg Saretsky was pleased by the record load factor set while the airline flew nearly 172,000 more passengers in August compared with a year ago.
"The demand environment remains strong and we are seeing a growing contribution from our airline code-shares and interline partnerships," Saretsky said in a statement.
Earlier this year, WestJet announced a code-share agreement with South Korea's largest airline, Korean Air, and with China Eastern Airlines, one of the largest airlines in China.
Code-share agreements allow travellers to more easily transfer from one airline's network to the other's. The deals came in addition to agreements with American Airlines, Cathay Pacific, Delta Air Lines, Japan Airlines, KLM and Korean Air.
Air Canada reported an August load factor of 87.9 per cent, up from 87.8 per cent in August 2011. Traffic increased 0.7 per cent as capacity increased 0.6 per cent.
"For the month of August, Air Canada reported an all-time record load factor," Air Canada president and chief executive Calin Rovinescu said.
"This record load-factor result for the month underscores our disciplined capacity management and our industry-leading product that continues to earn our customers' loyalty."
The improvement at Air Canada came as the load factor on its domestic flights improved to 87.4 per cent from 86.2 per cent a year ago. U.S. flights saw an improvement to 82.6 per cent from 82.1 per cent.
Meanwhile, Porter Airlines reported an August load factor of 74.5 per cent, up from 68.7 per cent a year ago.
-- The Canadian Press
Republished from the Winnipeg Free Press print edition September 7, 2012 B6
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