WestJet reports record full-year results

WestJet (TSX: WJA) said its year-end results for 2015 showed record net earnings of USD367.5 million, or USD2.92 per diluted share.

This compares with the adjusted net earnings of USD317.2 million, or USD2.46 per diluted share reported in the full-year 2014, up 16 percent and 19 percent, respectively. For the fourth quarter, the airline reported diluted earnings per share of USD0.51, down 27 percent from USD0.70 reported last year. These fourth quarter 2015 results include a pre-tax loss on foreign exchange of USD10.1 million.

This represents WestJet´s 43rd consecutive quarter of profitability and based on the trailing twelve months, the airline achieved a return on invested capital of 15.3 percent, compared with the 16.1 percent reported in the previous quarter, and within WestJet´s target range of 13 to 16 percent.

WestJet offers scheduled service to 100 destinations in North America, Central America, the Caribbean and Europe.