Westjet stocks go down

FYI

It was reported on the radio this morning that Westjet, Canada’s no frills airline, will not see as healthy profits next year as it has in the past. This is due to competition and fare slicing. Stocks dropped $3.00 to $17?? as a result. Westjet has continued to make a profit since its founding, even post September 11.

This is really too bad, as we are really being gauged in Canada, both by the government in travel taxes, and by Air Canada. A weekend special fare from Toronto to Montreal r/t (slightly less than one hour travel time) on AC’s Tango will run you about $250CAD including all charges, that’s roughly 155 euros.