Image: Darryl Dyck/Canadian Press

WestJet posts $20.8 million loss amid labour dispute, higher fuel prices

WestJet’s second quarter losses amounted to 18 cents per share.

WestJet Airlines Ltd. reported a rare loss of $20.8 million in the second quarter as it was beset by a labour dispute with its pilots, higher fuel prices and increased competition.

The loss amounted to 18 cents per share, which was better than analyst estimates, but down from a year-earlier profit of $48.6 million or 41 cents per share.

Analysts had estimated WestJet would have a net loss of 27 cents per share and an adjusted loss of 28 cents per share, according to Thomson Reuters Eikon.

WestJet’s revenue was estimated at $1.1 billion but came in below that at $1.09 billion, up 2.8 per cent from $1.06 billion in last year’s second quarter.

The company avoided a strike by its pilots by agreeing to a mediated settlement process in May but uncertainty about the outcome of their dispute had a negative effect on WestJet’s bookings.

In addition, the cost of fuel was up 30.6 per cent year-over-year — similar to an increase reported last week by Air Canada.

Related: WestJet pilot strike averted as parties agree to mediation

Related: WestJet fare break for fire victims

Companies in this story: (TSX:WJA TSX:AC)

The Canadian Press

Like us on Facebook and follow us on Twitter.

Just Posted

Sound of Prince Rupert’s cherry trees to be played around the world

Salvaged wood from chopped sakura trees is being crafted into taiko drum sticks

The Postmen collect 45 boxes of supplies for wildfire relief

Prince Rupert donations of food, water and toilet paper to be delivered to Burns Lake first

Coastal police unit operating with half its members

RCMP report to Port Edward council reveals low numbers on the coastal force

In Our Opinion: How to lose an ammonia tank— ask the city

How did a 68kg cylinder of ammonia remain unseen after multiple audits and assessments

Donation drop off tonight for B.C. wildfire victims

The Postmen have set up a three-day depot at the Moose Hall in Prince Rupert for disaster relief

This Week Podcast – Episode 98

From the Prince Rupert Golf Club, catch up on sports, entertainment and news highlights

The Northern View 2018 Readers Choice

Vote online or at the Prince Rupert office before noon on Sept. 7

Red Cross now accepting donations for those impacted by B.C. wildfires

The Canadian Red Cross is asking for help now and in the weeks and months ahead.

B.C. program to educate parents reduces ‘shaken baby syndrome’ by 35%

Period of PURPLE Crying was launched nearly a decade ago

B.C. golfer, just 23, scores the rare albatross

Six-million-to-one shot a first for the Terrace club

Fredericton widow swears at Trudeau during condolence call

Widow of man killed in Fredericton shooting says she swore at Trudeau during condolence call.

Tim Hortons promises leaky lids on coffee cups to be phased out

Tim Hortons looks to rebuild its brand with better lid, new marketing campaign

‘There’s been a lot of devastation:’ man whose family lost homes in B.C. fire

The provincial government declared a state of emergency Wednesday as more than 550 wildfires burn in every corner of B.C.

Capsized tug now out of the water at the mouth of B.C.’s Fraser River

The 19-metre-long George H. Ledcor capsized late Monday.

Most Read