WestJet reports record full-year and fourth quarter results

WestJet reported its fourth quarter and year-end results for 2014, with record adjusted full-year net earnings of CA$317.2m. This compares with the net earnings of CA$268.7m in the full-year 2013, up 18% and 21%, respectively. For the fourth quarter, the airline reported record diluted earnings per share of CA$0.70, up 35% from CA$0.52 reported last year. These fourth quarter 2014 results include pre-tax incentive payments of CA$9.8m associated with WestJet’s new pilot agreement reached in December 2014 and a pre-tax non-cash loss of CA$2.5m related to the previously disclosed sale of 10 of its oldest Boeing 737 aircraft.