WestJet Q1 results

WestJet has announced first quarter 2016 net earnings of $87.6 million, or $0.71 per diluted share, which is a decline of 38% from prior- year period, when the company earned $140.7 million, or $1.09 per share. Based on the trailing twelve months, the airline achieved a return on invested capital of 12.8 per cent, compared with the 15.3 per cent reported in the previous quarter. “Although we continue to feel the impact of economic weakness in Alberta, the fundamentals of our business remain strong as demonstrated by our recent assignment of an investment grade credit rating by Moody’s, and we