My Account Menu

CAPA Login

Register to trial CAPA Membership!

WestJet's earnings soar, shares surge


WestJet was the stand-out airline stock yesterday, as it unveiled a stellar fourth quarter net profit of CAD47.9 million, up 217% year-on-year. It's shares soared 11.8% yesterday.

The result took full-year net earnings to CAD136.7 million and represented its 23rd consecutive profitable quarter

WestJet reported a fourth quarter operating margin of 11.4%, compared with 6.3% in 4Q2009. CEO Gregg Saretsky stated the carrier is contemplating the introduction of fuel surcharges if oil prices "go north of USD100 [per barrel]".

Selected American airlines daily share price movements (% change): 09-Feb-2011


Want more analysis like this? CAPA Membership gives you access to all news and analysis on the site, along with access to many areas of our comprehensive databases and toolsets.
Find out more and take a free trial.