WestJet Q3 Earnings Top $100 Million, A New Record
posted record net earnings of $101.8 million for Q3 2015, up 19.2% from $85.4
million in the 3rd quarter of 2014.
record results were achieved despite the significant weakening of the CAD and
the softening of the Western Canadian economy as a result of the collapse in
achieved an on-time performance rate of 86.0% in the 3rd quarter, a
year-over-year improvement of 4.1 percentage points. The airline says that
statistic tops North American airlines for the 2nd consecutive
on the trailing 12 months, the airline achieved a record return on invested
capital of 16.1%, compared with the 16.0%. In another milestone, WS reported
that its total assets surpassed $5 billion for the 1st
time in its history.
are very pleased with another quarter of record financial results, as we
improved our return on invested capital and operating margin while leading
North American airlines in on-time performance for a 2nd straight
quarter," said WestJet President & CEO Gregg Saretsky.
are very excited about the next chapter of WestJet's evolution, as we recently
began flying wide-body aircraft in scheduled revenue service for the 1st
time and announced non-stop service to London Gatwick from 6 Canadian cities
beginning in the spring of 2016.”