Both WestJet and Air Canada stocks took a steep drop at close today, with both airlines decreasing by over five percent. WestJet stock dropped .67 of a point to finish the day at 12.26 per share, while Air Canada dropped .16 to close at 1.32.

This all comes after WestJet had begun crowd sourcing their employees to promote ways of reducing costs. And according to this report, there was an overwhelming response. Furthermore, the airline was able to gather new product ideas by using this method.

It isn’t clear yet what exactly caused the slide today, however, both stocks had been maintaining their worth for the past week. Below is the graph of how today’s stock for both WestJet and Air Canada played out.

WestJet

 

Air Canada