Canadian low-cost carrier WestJet expects its fourth quarter systemwide capacity to be up 2.5% to 3.5%, with domestic capacity down 3% to 4% year-on-year.
The Calgary-based airline forecasts that full-year systemwide capacity will grow 4%, while domestic capacity will remain flat or be down 1%, says WestJet's chief financial officer Vito Culmone during an earnings call today.
Systemwide capacity is expected to grow 7% to 8% in 2013, says Culmone.
WestJet will take delivery of 12 aircraft in 2013, comprising five Boeing 737s and seven Bombardier Q400s that will be operated by its new regional carrier, WestJet Encore.
Culmone says the first three 737s will be delivered in the first quarter of 2013. The airline, which is acquiring the aircraft from Boeing, has signed a letter of intent to sell and lease back the aircraft from a third party lessor. Culmone did not name the lessor.
WestJet is evaluating its financing options for the remaining nine aircraft deliveries in 2013, he says.