WestJet announced this morning that their 4th quarter and year end results for 2013 show record earnings.
“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.”
Although load factor dropped from 82.8% in 2012 to 81.7% (-1.6%), the number of passengers carried rose 6.1% to 18,485,144. Revenue increased by 6.9%
This follows the news on January 9th that WestJet was named 2014 Value Airline of the Year by Air Transport World magazine.