WestJet net profit up 14% in 3Q2016

WestJet revenue up 8% - financial highlights for three months ended 30-Sep-2016:

• Revenue: CAD1124 million (USD862.0 million), +7.6% year-on-year;
• • Ancillary: CAD104.3 million (USD80.0 million), +15.2%;
• Operating costs: CAD954.2 million (USD731.8 million), +7.8%;
• • Fuel: CAD206.4 million (USD158.3 million), -0.3%;
  • Labour: CAD183.2 million (USD140.5 million), +6.8%;
• Operating profit: CAD170.1 million (USD130.4 million), +6.7%;
• Net profit: CAD116.0 million (USD89.0 million), +13.9%;
• Passenger numbers: 5.9 million, +7.0%;
• Load factor: 84.0%, +2.2 ppts;
• Yield: CAD 17.53 cents (USD 13.44 cents), -5.3%;
• Revenue per ASM: CAD 14.73 cents (USD 11.3 cents), -2.7%;
• Cost per ASM: CAD 12.5 cent (USD 9.59 cents), -2.6%;
• Cost per ASM excl fuel and employee profit sharing: CAD 9.38 cents (USD 7.19 cents), +0.3%;
• Total assets: CAD6125 million (USD4697 million);
• Cash and cash equivalents: CAD1773 million (USD1360 million);
• Total liabilities: CAD4074 million (USD3124 million). [more - original PR]

*Based on the average conversion rate at USD1 = CAD1.30399