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Congratulations Westjetters

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Congratulations Westjetters

Old 8th Nov 2007, 21:22
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Congratulations Westjetters

Congratulations fellow Westjetters, $76.1 million dollars profit in THREE months, unbelievable. Well done everyone.

WestJet Reports Record Third Quarter and Year-To-Date Results
Airline continues its positive momentum with a 44% increase in net earnings
08:30 EST Wednesday, November 07, 2007
CALGARY, ALBERTA--(Marketwire - Nov. 7, 2007) - WestJet (TSX:WJA) today announced record third quarter net earnings of $76.1 million, a 44.0% increase over the $52.8 million for the same period last year. Record year-to-date net earnings of $117.5 million were 33.5% higher than $88.0 million in 2006.
The airline's third quarter earnings from operations were $144.2 million. This represented an operating margin of 23.5% and an increase of 60.6% over 2006.
Sean Durfy, WestJet President and CEO said today, "These results demonstrate another quarter of hard work by our people and their ability to continue the positive momentum of our airline. The strength of the Canadian economy and the strong demand for our product, evidenced by our highest load factor in history, achieved in August, allowed us to deliver our strongest third quarter results on record. Our people met the demands of higher loads with on-time performance that was among the top three in North America."
WestJet's diluted earnings per share (EPS) for the third quarter was 58 cents compared to 41 cents in the same period last year, an increase of 41.5%. Year to date, diluted EPS was 90 cents, an increase of 32.4% compared to 68 cents in 2006. Excluding the second quarter reservation system write-down of $31.9 million, year-to-date diluted EPS was $1.07, or a 57.4% increase when compared to the same period in 2006.
Third quarter revenue of $614.1 million compared to $502.3 million in the third quarter of 2006 was an improvement of 22.3%. Year to date, revenue increased to $1.6 billion compared to $1.3 billion in 2006, an increase of 21.7%.
Operating Highlights
----------------------------------------------------------------------------
Q3 Q3 % YTD YTD %
2007 2006 change 2007 2006 change
----------------------------------------------------------------------------
Load Factor 83.2% 80.5% 2.7 pts. 81.8% 79.2% 2.6 pts.
----------------------------------------------------------------------------
ASM (available seat
miles) billions 3.8 3.3 14.4% 10.7 9.2 16.5%
----------------------------------------------------------------------------
RPM (revenue passenger
miles) billions 3.2 2.7 18.3% 8.8 7.3 20.3%
----------------------------------------------------------------------------
RASM (revenue per
available seat mile)
cents 16.2 15.2 6.6% 14.9 14.3 4.2%
----------------------------------------------------------------------------
Yield (revenue per
passenger mile) cents 19.5 18.9 3.2% 18.2 18.0 1.1%
----------------------------------------------------------------------------
CASM (cost per available
seat mile) cents 12.4 12.5 (0.6%) 12.5(1) 12.6 (0.9%)
----------------------------------------------------------------------------
CASM excluding fuel cents 8.9 8.9 - 9.1(1) 9.1 -
----------------------------------------------------------------------------
(1) excludes reservation system write-down of $31.9 million
----------------------------------------------------------------------------
Sean Durfy continued, "In the third quarter, we flew a record number of guests, with an 83.2% load factor, achieved a 3.2% increase in our yield, and did so while adding 14.4% more capacity over the same period last year. Our continuing effort to build our commercial and leisure network and increase load factor, while effectively managing yield during this traditionally strong demand period, contributed to year-over-year increases in RASM of 6.6%. We are particularly pleased with our improved RASM, which is a key indicator of an airline's financial success.
"We look at all areas of our business in the most cost-conscious manner, keeping our commitment to maintaining the lowest sustainable CASM, while providing a great guest experience. CASM for the quarter was down slightly from the previous year, even with our continued expansion and growth. Increased utilization of 2.5% to 12.2 hours helped maintain CASM this quarter by diluting our costs across a wider asset base.
"In the fourth quarter we will add two more 737-700 series aircraft, bringing our fleet size to 70 by year end. We will increase our capacity by over 14% compared to the fourth quarter of 2006. Yesterday, our Board of Directors signed an agreement for two more leased aircraft to be received in November 2008 and January 2009. This decision is based on the continued foreseeable success in our market penetration. These aircraft will bring our 2008 and 2009 ASM growth to 16% and 8% respectively. This brings our firm deliveries to 46 additional aircraft between 2008 and 2013 and our fleet size to 116 Boeing Next-Generation aircraft by the end of 2013. We will continue to benefit from operating a modern fleet of fuel-efficient aircraft in the face of rising fuel prices.
"We are heading into the fourth quarter with the strong foundation of the last nine months behind us. Our people are dedicated and committed to going above and beyond when it comes to delivering the best experience to our guests. Our success over the last quarter and the last 11 years is testament to this fact; a sincere thanks to our over 6,500 WestJetters for once again delivering such great results."
WestJet also reported third quarter and year-to-date operational
performance.
le soixante neuf is offline  
Old 9th Nov 2007, 11:20
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"A!"

A!
Tanks for awl dat great information habout da hairline...
Dat's great hif what you whant is cash as hinsentive as we 'av discuss before on da odder forum.
I suppose dat da really 'appy pepole in town are da local pickup truck an' da trailer franchaise howners...
T
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Old 21st Nov 2007, 03:57
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"In the third quarter, we flew a record number of guests, with an 83.2% load factor..."
Guests?????? Uh, when I have "guests" in my house, I don't charge them for anything. Does that mean that WJ is giving free flights to these "guests", or is this just a pathetic way of trying to make their "paying passengers" feel special?
Pogie is offline  
Old 21st Nov 2007, 04:17
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You stay in a Hotel lately? Are you not a "Guest" in a Hotel? Did you stay for free?

Yes, as a matter of fact it is a small way that we try to make the people who pay my salary feel just a little bit different.

Merry Christmas...
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Old 21st Nov 2007, 04:53
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Smile Troff

Tabenac dont pee on the parade.Est they done well,How i get a job.Cross the the fence and ask my bacon and egg parrelel side by side butter not mageranir on my toast dry the fin toast out.anwway enuth of the palis.I like to get a position in a big seet like my bro and cousin see you at the revelon.
kapriver is offline  
Old 21st Nov 2007, 10:21
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"A!"

Tabernac!
Anodder PPRuNe probationary type getting awl hoffended because 'e don' like what Hi say habout sometin'.
Has I recall, dis is a public forum han I ham going to commen' hon pretty much anyting Hi wan', when Hi wan, because dat his da nature hov day game.
So you go cry hon da bosum of your modder because I han going to piss on da parade hov henybody hi wan', OK? I get you a tissue! Mon Dieu! Phhhtttt!
Now dat you mention hit, I wan to commen on da WJ quarter results, an' it to say dis:
Hif it sounds too good to be true, hit usually his.
I don buy into dis, but awl I know is two tings: One: My WJ stock is going up, and two: Dat anybody dat run an airline is slipprier dan a fish in da bottom of da boat.
WJ give da cash hinsentive because dats what dey whan. Odders get odder hinsentive at odder airline, like private school for da kid, free company medical and dental facilities, free idro, intres' free car loan, club membership, house, drive to work...
It awl what you wan... Hif you wan to bring your own lunch anywhere you work, I don' suppose dat anyone his gonna complain.
Hif you jus wan da cash so you can pay your own bill, but get tax on dat, so be hit.
It what you wan' to do.
Hit jus' so 'appen dat da guy from Da Mountain wit da Broken Back Airline see da cash like a bull see da red curtain, an 'e go for hit.
Now go talk to your modder...
T
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