WestJet has posted its first quarter results for 2018, with net earnings of CA$37.2m, compared to CA$46.7m the previous year, down 22%. WestJet achieved its 52nd consecutive quarter of profitability and flew an all-time quarterly record of 6.1 million guests. Based on the trailing twelve months, the airline achieved a return on invested capital of 9.5%, down from to 10.1% in the first quarter of 2017.
Despite a challenging winter 2018, WestJet successfully achieved record load factors and increased revenue by 6.9% on a capacity increase of 4.3%.
