WestJet posts $61.6m quarterly profit as cost of fuel falls

WestJet posts $61.6m quarterly profit as cost of fuel falls

CALGARY — Falling fuel prices helped WestJet record net earnings of $61.6 million in the second quarter compared with the net earnings of $51.8 million in the second quarter of 2014.

WestJet achieved an on-time performance rate of 91.3% in the second quarter, a year-over-year improvement of 6.8 percentage points, placing WestJet as the top performing North American airline during the quarter.

According to WestJet President and CEO Gregg Saretsky “the second 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”.