CALGARY, May 5 /PRNewswire-FirstCall/ - WestJet (TSX:WJA) today announced first quarter results for 2009. The airline reported net earnings of $37.4 million, or 29 cents per diluted share.
"Thanks to the continued hard work and dedication of our WestJetters, we once again differentiated ourselves as an industry leader, and we are extremely pleased with our strong start to 2009," commented Sean Durfy, WestJet President and CEO. "Our first quarter results demonstrate that our business strategy is staying the course; we successfully continued our growth and delivered profitable results while withstanding less than ideal economic conditions."
Compared to airlines who have reported their first quarter results, WestJet continues to have one of the best pre-tax margins in North America, having reported a first quarter earnings before tax (EBT) margin of 8.7 per cent.
"Our results reinforce the value of our healthy brand, unrivaled guest experience and commitment to being cost efficient," added Sean Durfy.