WestJet announces 19th consecutive quarter of profitability

WestJet announced its fourth quarter and full-year results for 2009. The airline reported fourth quarter net earnings of $20.2 million and full-year net earnings of $98.2 million. The airline’s results were impacted by a non-recurring net future income tax reduction during 2009. Excluding this gain, WestJet reported adjusted fourth quarter net earnings of $15.1 million and adjusted full-year net earnings of $93.1 million.