WestJet Reports Record Q2 Earnings, Profit Up 19%

Open Jaw

WestJet has announced Q2 net earnings of $61.6 million, up 19% from last year’s $51.8 million during the same period.  


Based on the trailing 12 months, the airline achieved a return on invested capital of 16.0%, up 0.2 percentage points from the 15.8% reported in the previous quarter.


The airline also achieved an on-time performance rate of 91.3% in the 2nd quarter, a year-over-year improvement of 6.8 percentage points, and a figure that WS says makes it the top performing North American airline during the quarter.


"I would like to congratulate our more than 10,000 WestJetters on these exceptional 2nd quarter results which marked our 5th quarter of consecutive record adjusted net earnings," said WestJet President & CEO Gregg Saretsky. "The 2nd quarter is historically our most challenging quarter as capacity is transitioned from southern to domestic markets, so it is particularly rewarding to turn in a double digit margin this quarter. With another quarter of record earnings, and after having exceeded our ROIC target for 12 consecutive quarters, we are pleased to announce that we are increasing our target to 13 to 16%, while continuing our commitment to our brand of friendly, caring service and affordable fares."


Revenue during the quarter rose 1.3% to $942 million. Load factor was 78.1%, down 1.5 percentage points from 79.6% in Q2 2014. The airline carried just under 5 million pax during the 3 month period. 

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