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WestJet's March load factor drops to 81.3% as capacity grows more than traffic

CALGARY - WestJet Airlines Ltd. (TSX:WJA) says its passenger traffic continued to grow last month, but by less than the additional capacity it has added to its system.The company's chief executive, Gregg Saretsky, says that the industry's supply has been rising faster than demand in some southern markets and that trend has depressed load factors.WestJet's load factor last month fell 2.7 points from a year ago to 81.3 per cent, from 84 per cent in March 2014. However, Saretsky says WestJet continues to be pleased with its growth in passenger traffic and expects to meet its first quarter guidance in terms of revenue per available seat.The airline says its passenger traffic in March was up 1.5 per cent from a year ago, to 1.93 billion revenue passenger miles. Its capacity grew by 4.8 per cent, to 2.37 billion available seat miles.

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