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

Transplant caregiver starts website for financial, mental health support

Beth Campbell-Duke started Transplant Rouges after her husband’s double lung transplant

Victoria ranked as one of B.C.’s worst cities to work in

High living costs and low average incomes drop Victoria from the top 10

Saanich swimmer has ribs removed, posts them on social media

Jill Yoneda makes light of rare surgery for ‘slipping rib syndrome’

Cyclist without helmet thrown onto windshield in Victoria

Despite damage to bike, cyclist uninjured following accident

Victoria no longer interested in hosting a downtown casino

Mayor puts forward letter that retracts interest in hosting a casino

Lawyer for Chinese exec detained by Canada says it’s ‘inconceivable’ she would flee

Meng Wanzhou was detained at the request of the U.S. during a layover at the Vancouver airport

Federal government plans examination of coerced sterilization

The Liberals have been pressed for a rapid response to recent reports on the sterilizations

Huitema, Cornelius named 2018 Canadian Youth International Players of the Year

Huitema was captain of Canada’s fourth-place team at this year’s FIFA U-17 Women’s World Cup

Canada not slowing emissions from oil and gas: environmental groups

New report released at the United Nations climate talks in Poland

Liberal Party moves Trudeau fundraiser from military base

The fundraiser is scheduled for Dec. 19, with tickets costing up to $400

Pipeline protesters arrested at B.C. university

Three protesters were arrested after TRU property allegedly vandalized with red paint

Goodale to ‘examine’ transfer of Rafferty to medium-security prison

Michael Rafferty was sentenced to life in prison in 2012 in the kidnapping, sexual assault and first-degree murder of Tori Stafford

‘Abhorrent’ condition of autistic B.C. boy shows flaws in care system: report

‘Charlie’ was underweight and ‘covered in feces’ when he was removed from his mom’s care

Minister appoints former CIRB chair to resolve Canada Post labour dispute

Postal workers engaged in weeks of rotating walkouts

Most Read