WestJet revenue down 7% for 3 months ended Dec-2009

WestJet reports (17-Feb-2010) the following financial highlights:

• 3 months ended Dec-2009:
  • Revenue: USD544.2 million, -7.4% year-on-year;
  • Costs: USD509.3 million, -4%;
    • Fuel: USD142.2 million, -16.1%;
  • Operating profit: USD34.5 million, -39.2%;
  • Net profit: USD19.3 million, -52%;
  • Passenger traffic (RPMs): +4%;
  • Load factor: 78.4%, +0.8 ppts;
  • Yield: USD15.73 cents, -11%;
  • Revenue per ASM: USD12.35 cents, -10%;
  • Cost per ASM: USD11.55 cents, -6.8%.
• 12 months ended Dec-2009:
  • Revenue: USD2,178 million, -10.5% year-on-year;
  • Costs: USD1,977 million, -8.2%;
    • Fuel: USD544.8 million, -29%;
  • Operating profit: USD201.1 million, -28.1%;
  • Net profit: USD93.8 million, -45%;
  • Passenger traffic (RPMs): +0.8%;
  • Load factor: 78.7%, -1.4 ppt;
  • Yield: USD15.74 cents, -11.2%;
  • Revenue per ASM: USD12.38 cents, -12.8%;
  • Cost per ASM: USD11.24 cents, -10.6%. [more][more - Perspective]
• *Based on the conversion rate at USD1 = CAD1.04733

WestJet: "While reports of an economic rebound are starting to surface, we remain cautious in our predictions of recovery. Throughout 2010, we will enter into additional strategic partnerships with other airlines and continue expanding WestJet Vacations, both of which we believe will enhance our future revenue growth. The strength and leadership of our WestJetters turned 2009 into a profitable year with significant accomplishments, and we have every reason to believe that we can carry this momentum into 2010," WestJet President and CEO Sean Durfy. Source: WestJet, 17-Feb-2010.