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WestJet shares fall on forecast cut, CEO exit


By Karan Nagarkatti(Reuters) - WestJet Airlines Ltd cut its forecast for a revenue metric on Thursday and said Chief Executive Officer Gregg Saretsky was retiring, sending its shares down as much as 6.3 percent on Thursday.Canada's second-largest carrier appointed Ed Sims as its new chief executive. An aviation industry veteran, Sims joined WestJet in May 2017 after serving as CEO of Airways, an air navigation service provider in New Zealand.Saretsky was at WestJet's helm for eight years during which WestJet's stock rose 64 percent as he introduced regional airline WestJet Encore and some ...

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First Published: Thu, March 08 2018. 21:17 IST