WestJet reports record full-year net earnings

WestJet released its fourth quarter and year-end results for 2013, with record net earnings of $268.7m up from the net earnings of $242.4m reported for the full-year 2012. For the fourth quarter, the airline reported diluted earnings per share of $0.52, up from $0.46 reported last year. This represents WestJet’s 35th consecutive quarter of profitability, and based on the trailing twelve months, the airline achieved a return on invested capital of 13.9%, compared with the 13.8% reported in the previous quarter.

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