WestJet reports second quarter net earnings of $44.7m

WestJet announced its 33rd consecutive quarter of profitability, with record second quarter net earnings of $44.7m. This compares with the net earnings of $42.5m reported in the second quarter of 2012. These results include $8.4m of one-time pre-tax transition costs associated with WestJet’s business transformation initiative. Based on the trailing twelve months, the airline achieved a return on invested capital of 14.4%, up from the 14.3% reported in the previous quarter.