WestJet reports record third quarter results with $85m in earnings

WestJet reports record third quarter results with $85m in earnings

CALGARY — WestJet posted record third quarter results with adjusted net earnings of $85.4 million.

This compares with the net earnings of $65.1 million in the third quarter of 2013, up 31.2%.

“We are very pleased with another quarter of record financial results, exceeding our ROIC target for the ninth consecutive quarter and improving our on-time performance rate by 3.4 percentage points year over year to 81.9%,” said WestJet President and CEO Gregg Saretsky.

“We continue to strengthen WestJet’s network with the further rollout of WestJet Encore, our recent announcement of service to Glasgow, our first destination in the United Kingdom, and the evolution of our existing interline agreements with China Airlines and Qantas into codeshare agreements.”