WestJet profit climbs on passenger growth despite poor weather, grounding of Boeing 737 Max jets GlobeBusiness
Calgary-based WestJet Airlines Ltd. posted a 33-per-cent jump in profit in the first quarter, a period marked by bad weather and the grounding of the Boeing 737 Max passenger jets.
WestJet’s 13 Boeing 737 Max passenger jets are parked, along with the rest of the global fleet, after regulators grounded the model following two similar crashes in October and March. In October, a Lion Air flight crashed into the sea, killing 189. An Ethiopian Airlines 737 Max crashed shortly after takeoff and killed 157 in March.Preliminary reports from investigators point to possible problems with pitch sensors and automated controls.
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