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3-Feb-2016 2:32 PM

WestJet reports third best 4Q result in 2015

WestJet revenue down 4% - financial highlights:

  • Three months ended 31-Dec-2015:
    • Revenue: CAD958.7 million (USD718.0 million), -3.6% year-on-year;
      • Ancillary: CAD79.8 million (USD59.8 million), +19.2%;
    • Operating costs: CAD846.0 million (USD633.6 million), -1.0%;
      • Fuel: CAD182.2 million (USD136.4 million), -25.3%;
      • Labour: CAD198.3 million (USD148.5 million), +7.7%;
    • Operating profit: CAD112.7 million (USD84.4 million), -19.3%;
    • Net profit: CAD63.4 million (USD47.5 million), -30.1%;
    • Passenger numbers: 4.9 million, +1.4%;
    • Load factor: 78.4%, -1.3 ppt;
    • Yield: CAD 18.75 cents (USD 14.04 cents), -4.2%;
    • Revenue per ASM: CAD 14.69 cents (USD 11.00 cents), -5.8%;
    • Cost per ASM: CAD 12.97 cents (USD 9.71 cents), -3.2%;
    • Cost per ASM excl fuel and employee profit share: CAD 10.04 cents (USD 7.52 cents), +9.0%;
    • Average stage length: 887 miles, -4.1%;
    • Utilisation: 11.2 hours, -3.4%;
  • 12 months ended 31-Dec-2015:
    • Revenue: CAD4029 million (USD3152 million), +1.3% year-on-year;
      • Ancillary: CAD336.3 million (USD263.1 million), +55.1%;
    • Operating costs: CAD3460 million (USD2706 million), -1.2%;
      • Fuel: CAD814.5 million (USD637.1 million), -25.3%;
      • Labour: CAD801.7 million (USD627.1 million), +10.6%;
    • Operating profit: CAD569.8 million (USD445.6 million), +19.8%;
    • Net profit: CAD367.5 million (USD287.5 million), +29.4%;
    • Passenger numbers: 20.3 million, +3.2%;
    • Yield: CAD 18.72 cents (USD 14.64 cents), -1.9%;
    • Revenue per ASM: CAD 14.98 cents (USD 11.72 cents), -3.6%;
    • Cost per ASM: CAD 12.86 cents (USD 10.06 cents), -6.0%;
    • Cost per ASM excl fuel and employee profit share: CAD 9.46 cents (USD 7.40 cents), +3.4%;
    • Average stage length: 910 miles, -2.8%;
    • Utilisation: 11.6 hours, +1.7%;
    • Total assets: CAD5129 million (USD4012 million);
    • Cash and cash equivalents: CAD1184 million (USD925.9 million);
    • Total liabilities: CAD3169 million (USD2479 million). [more - original PR]

*Based on the average conversion rate at USD1 = CAD1.3353 for three months ended 31-Dec-2015
*Based on the average conversion rate at USD1 = CAD1.2785 for 12 months ended 31-Dec-2015

WestJet: "Today we reported the third best fourth quarter in WestJet's history to complete a record year in 2015," Gregg Saretsky, President and CEO. Source: Company statement, 02-Feb-2016.

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