By Susan Taylor TORONTO (Reuters) - Lifted by strong demand and market-beating quarterly results, WestJet Airlines Ltd on Tuesday laid out growth plans including increased capacity and new turboprops for its regional carrier. Canada's No. 2 carrier, which is also plotting expansion into overseas markets with wide-body planes next year, said higher ticket prices and tight cost controls more than offset pressure from climbing fuel prices in the second quarter. Shares of the Calgary-based airline, which said it exercised options to buy five Q400 planes from Bombardier Inc for its growing Encore subsidiary, touched an all-time high of C$29.11 before paring gains. WestJet said it is now sourcing four Boeing 767-300ERW to use on long-haul routes, a market dominated by its bigger rival, Air Canada .
The superstore Costco will accept donations from the public at its two London, Ont., locations for the family of a six-year-old girl hit by a car that crashed into one of the stores last Friday. Addison Hall died and her pregnant mother and young sister were injured when a car crashedÂ through Costco's front doors. Costco saysÂ any incoming donations will be matched dollar-by-dollar up to $50,000.
By Chuck Mikolajczak NEW YORK (Reuters) - U.S. single-family home prices fell unexpectedly in May, declining for the first time in more than two years in the latest signal of the wobbly state of the housing market. Still, U.S. consumers remained confident in the broader economic picture, with a key measure of consumer attitudes at its highest since October 2007 and views of the job market the brightest in six years.
Shelling in at least three cities in eastern Ukraine has hit a home for the elderly, a school and several apartment blocks, adding to a rapidly growing civilian death toll Tuesday. Among the victims were five people killed when the home for the elderly was struck by artillery fire in Luhansk, according to the separatist rebels in control there. In Donetsk, another rebel stronghold under fire by the Ukrainian forces, at least one person was killed when several shells hit an apartment block in the early afternoon.
The NCAA agreed Tuesday to settle a class-action head-injury lawsuit by creating a US$70 million fund to diagnose thousands of current and former college athletes to determine if they suffered brain trauma playing football, hockey, soccer and other contact sports. Critics have accused the NCAA of giving too much discretion to hundreds of individual schools about when athletes can go back into games, putting them at risk.
By Tim Kelly and Tim Hepher TOKYO/PARIS (Reuters) - Airbus said on Tuesday it had revoked an order for six A380 superjumbos from Skymark Airlines , losing the only Japanese customer for its biggest jet after the discount carrier struggled to raise cash to pay installments. The collapse of the contract, worth over $2 billion when it was formally signed in 2011, triggered a public clash with the principal owner of Japan's third-largest airline, who accused the European planemaker of refusing to negotiate a compromise. We never once formally sat down to discuss it," Skymark's chief executive and main investor, Shinichi Nishikubo, said. "Airbus informed us in a fax to our office on Sunday." Nishikubo, a former internet entrepreneur who had promised to halve the price for business-class tickets by introducing the world's largest airliner, said Airbus had refused to consider reducing the number of jets or offering smaller ones.
Ten head-injury lawsuits filed against the NCAA were consolidated into one federal class-action suit in Chicago, where a settlement was announced Tuesday. In all of the lawsuits combined, dozens of plaintiffs who said they suffered concussions playing contact sports in college are named. Arrington, a strong safety at Eastern Illinois from 2006 to 2009, initiated the first lawsuit in 2011. Arrington says he suffered five concussions playing for EIU â€” some so severe that he couldn't recognize his parents later in the day.
Police officers deployed to Liberia's international airport to ensure passengers are screened for Ebola symptoms as a major regional airline announced Tuesday it was suspending flights to the cities hardest hit by an outbreak that has killed more than 670 people. A 40-year-old American man of Liberian descent who worked for the West African nation's Finance Ministry died Friday in Nigeria after taking several flights on ASKY Airlines. At the time, Liberian authorities said they had not been requiring health checks of departing passengers in Monrovia. Patrick Sawyer's sister had died of Ebola though he maintained he had not had close physical contact with her when she was sick.
A senior PLO official proposed a 24-hour humanitarian cease-fire Tuesday in the Gaza war, saying he spoke in the name of Hamas, but was contradicted a short while later by a spokesman of the Islamic militant group. In Gaza, a health official said at least 100 Palestinians were killed in Israeli airstrikes and tank shelling Tuesday, as Israel escalated its military campaign. Israel has lost 53 soldiers, along with two civilians and a Thai national. Tuesday's cease-fire offer was made by the Palestine Liberation Organization, of which Hamas is not a member.