WestJet reports record net earnings of $91 million, up 33 per cent
Airline announces it has entered into agreements to modernize its Boeing 737 fleet
WestJet (TSX: WJA) today announced its first quarter results for 2013. The airline reported record net earnings of $91.1 million, or $0.68 per diluted share, up from the net earnings of $68.3 million, or $0.49 per diluted share reported in the first quarter of 2012. These results mark WestJet's 32nd consecutive quarter of profitability. Based on the trailing twelve months, the airline achieved a return on invested capital of 14.3 per cent, up from the 13.7 per cent reported in the previous quarter.
- Published: 07 May 2013
- Written by Editor