WestJet 1Q figures continue to impress

Dino D'Amore
By Dino D'Amore May 7, 2014 12:13

WestJet 1Q figures continue to impress

WestJet reported first-quarter net profits of C$89.3m ($81m), down 2% from the same period last year which set a record. This is WestJet’s 36th consecutive quarter in the black and the seventh straight quarter it has exceeded its 12% return on invested capital (ROIC) target. WestJet’s ROIC for the 12 months to March 31 was 13.7%.

WestJet’s first-quarter revenue was up 7.7% year on year to C$1.04bn, but expenses increased 9.1% to C$910.5m, producing an operating profit of C$131.6m, down 0.6% year on year.

Passenger traffic increased 6.4% to 5.42bn RPMs on an 8% increase in capacity to 6.52 billion ASMs. Load factor was 83.1%, down 1.2 pp. Yield was up 1.2% to C$0.192.

Dino D'Amore
By Dino D'Amore May 7, 2014 12:13
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