WestJet reports first quarter net earnings of CAD140.7m

WestJet postted its first quarter results for 2015, with record net earnings of CAD140.7m. This compares with net earnings of CAD89.3m reported in the first quarter of 2014, up 57.6%. WestJet achieved an on-time performance rate of 78.0 in the first quarter, a year-over-year improvement of 10.1 points. Based on the trailing twelve months, the airline achieved a return on invested capital of 15.8%, compared with the 14.3% reported in the previous quarter.