WestJet Posts Record Earnings In 40th Straight Profitable Quarter
WS posted record net earnings of $140.7 million in Q1,
compared with the net earnings of $89.3 million reported in the 1st
quarter of 2014 – a 57.6% jump.
"We started 2015 with a record quarter as we
achieved our best ever quarterly net earnings and earnings per share, exceeded
our 12% ROIC target for the 11th consecutive quarter by achieving an
all-time high of 15.8%, and saw our operating margin expand by 5.6 percentage
points to 18.2%," said WestJet President & CEO Gregg Saretsky.
"WestJetters are at the core of our success, and I
am very excited to celebrate that success with a record profit share pay out
later this month," Saretzky added.
WS achieved an on-time performance rate of 78% in the 1st
quarter, a year-over-year improvement of 10.1 percentage points. Based on the
trailing 12 months, the airline achieved a return on invested capital of 15.8%,
compared with the 14.3% reported in the previous quarter.
WS carried 4.914 million pax during the quarter. Capacity
was up 4.7% while traffic increased 2.8%. Load factor was 81.6%, down 1.5
points from 83.1% in Q1 2014.
The airline has also just released its April traffic and
capacity report. WS carried a record 1.7 million pax during the month, filling
80.2% of seats, down 2.1 points from last April. On-time performance was an
impressive 91.2%, up 8.5 percentage points from April 2014.