WestJet reports 2016 net income of CA$295.5m

WestJet released its fourth quarter and year-end results for 2016, with full-year net earnings of CA$295.5m. This compares with the net earnings of CA$367.5m reported in the full-year 2015. The airline achieved its 47th consecutive quarter of profitability, reporting fourth quarter net earnings of CA$55.2m compared to CA$63.4m reported in the fourth quarter of 2015. For the full-year and in each quarter of 2016 the airline flew a record number of guests. Based on the trailing twelve months, the airline recorded a return on invested capital of 11.3%, down 0.3 points from the 11.6% reported in the previous quarter.