YEG Guy
May 1, 12, 6:55 am
WestJet reports first quarter net earnings record
Airline achieves net earnings of $68 million, up 42 per cent
WestJet selects Bombardier Q400 NextGen aircraft for new regional airline
CALGARY, May 1, 2012 /CNW/ - WestJet (TSX: WJA) today announced its first quarter results for 2012. The airline reported record first quarter net earnings of $68.3 million, or $0.49 per diluted share; up from the net earnings of $48.2 million, or $0.34 per diluted share, reported in the first quarter of 2011. This represents WestJet's 28th consecutive quarter of profitability. WestJet's operating cash flow per share for the first quarter of 2012 was $1.87, an increase of 31 per cent year over year. Based on the trailing twelve months, the airline achieved a return on invested capital of 10.8 per cent, up from the 10.1 per cent reported last quarter.
Rest of the earnings release can be found here:
http://westjet2.mediaroom.com/index.php?s=43&item=658
Airline achieves net earnings of $68 million, up 42 per cent
WestJet selects Bombardier Q400 NextGen aircraft for new regional airline
CALGARY, May 1, 2012 /CNW/ - WestJet (TSX: WJA) today announced its first quarter results for 2012. The airline reported record first quarter net earnings of $68.3 million, or $0.49 per diluted share; up from the net earnings of $48.2 million, or $0.34 per diluted share, reported in the first quarter of 2011. This represents WestJet's 28th consecutive quarter of profitability. WestJet's operating cash flow per share for the first quarter of 2012 was $1.87, an increase of 31 per cent year over year. Based on the trailing twelve months, the airline achieved a return on invested capital of 10.8 per cent, up from the 10.1 per cent reported last quarter.
Rest of the earnings release can be found here:
http://westjet2.mediaroom.com/index.php?s=43&item=658