WestJet reports first quarter net earnings of $68.3m

WestJet reported record first quarter 2012 net earnings of $68.3m, up from net earnings of $48.2m reported in the first quarter of 2011. Total revenues increased 15.3% to $891.0m in the first quarter. WestJet’s operating cash flow per share was $1.87, an increase of 31% year over year. Based on the trailing twelve months, the airline achieved a return on invested capital of 10.8%, up from 10.1% reported last quarter.