WestJet Airlines has posted its 2013 fourth quarter and year-end financial results, which celebrate the airline’s 35th consecutive profitable quarter.
WestJet posted record net earnings of $268.7 million, or $2.03 per diluted share, up from the net earnings of $242.4 million, or $1.78 per diluted share reported for the full-year 2012. For the fourth quarter, the airline reported diluted earnings per share of $0.52, up from $0.46 reported last year.
"We continued to expand on our success in 2013 as several key accomplishments, including the launch of WestJet Encore and our Fare Bundles product, helped us achieve a year of record earnings, and a return on invested capital above our 12 per cent target for the sixth consecutive quarter," said WestJet President and CEO Gregg Saretsky.
"We are very excited about continuing our success into 2014, and I am grateful to our nearly 10,000 WestJetters for the commitment they demonstrate to our guests every day.