WestJet reports record third quarter net earnings

WestJet (TSX: WJA) said its third quarter 2015 results showed record net earnings of USD101.8 million, or USD0.82 per diluted share, as compared with the adjusted net earnings of USD85.4 million, or USD0.66 per diluted share reported in the third quarter of 2014, up 19.2 percent and 24.2 percent, respectively.

WestJet achieved an on-time performance rate of 86.0 percent in the third quarter, a year-over-year improvement of 4.1 percentage points, placing WestJet as the top performing North American airline for the second consecutive quarter. Based on the trailing twelve months, the airline achieved a record return on invested capital of 16.1 percent, compared with the 16.0 percent reported in the previous quarter while our total assets surpassed USD5 billion for the first time in WestJet´s history.

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