WestJet turns in one of the best financial performances for 2010

February 10, 2011 — WestJet

WestJet Airlines Boeing 737-8CT WL C-GKWJ (msn 34151) LAX (Bruce Drum), originally uploaded by Airliners Gallery.

WestJet Airlines (Calgary) announced its fourth quarter and full-year results for 2010. The airline reported fourth quarter net earnings of C$47.9 million, or $0.33 cents per diluted share. Excluding special items, this represents record fourth quarter net earnings and an increase of 217 per cent compared to the fourth quarter of 2009. WestJet reported full-year net earnings of C$136.7 million, or $0.94 cents per diluted share.

WestJet reported a fourth quarter operating margin of 11.4 per cent, compared to 6.3 per cent in the fourth quarter of 2009. For the full year, WestJet achieved an operating margin of 9.5 per cent compared to a 2009 margin of 9.2 per cent, among the best performances of North American airlines.

WestJet Slide Show: CLICK HERE

Copyright Photo: Bruce Drum. Please click on the photo for the aircraft details.

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