WestJet 4Q07 earnings a record high

Tags :North America, Westjet


WestJet has announced a record 63.7% increase in fourth quarter and full-year 2007 earnings. The carrier's fourth quarter net earnings increased to CAD75.4 million from CAD26.7 million year-on-year.

 

For the full-year 2007, net earnings were CAD192.8 million, a 68.2% increase compared to CAD114.7 million in 2006.

President and CEO, Sean Durfy, stated "The fourth quarter of 2007 was a strong end to a great year for our airline. The fourth quarter capped 12 consecutive months of record load factor, revenues that surpassed CAD2 billion as well as increases in market share domestically and on our U.S., Caribbean and Mexican routes."
 
© Centre for Asia Pacific Aviation Date posted: 14-Feb-08
 

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