WestJet reports Q1 net earnings of USD 37.2m

WestJet (TSX: WJA) has announced its first quarter results for 2018, with net earnings of USD 37.2 million, or USD 0.32 per fully diluted share, the company said.

While remaining profitable in a challenging quarter, this result compares with net earnings of USD 46.7 million, or USD 0.40 per fully diluted share reported in the first quarter of 2017.

WestJet achieved its 52nd consecutive quarter of profitability and flew an all-time quarterly record of 6.1 million guests. Based on the trailing twelve months, the airline achieved a return on invested capital of 9.5 per cent, down from to 10.1 per cent in the first quarter of 2017.

Together with WestJet´s regional airline, WestJet Encore, we offer scheduled service to more than 100 destinations in North America, Central America, the Caribbean and Europe and to more than 175 destinations in over 20 countries through our airline partnerships. WestJet Vacations offers affordable, flexible vacations to more than 60 destinations and the choice of more than 800 hotels, resorts, condos and villas.

Members of the WestJet Rewards program earn WestJet dollars on flights, vacation packages and more. Members use WestJet dollars towards the purchase of flights and vacations packages to any WestJet destination with no blackout periods, and have access to Member Exclusive fares offering deals to WestJet destinations throughout our network and those of our partner airlines.