WestJet operating profit up 86% in 3Q2019

    WestJet reported (28-Oct-2019) the following financial highlights for the three months ended 30-Sep-2019:

    • Revenue: CAD1393 million (USD1055 million), +10.5% year-on-year;
      • Ancillary: CAD130.9 million (USD99.2 million), +4.3%;
    • Operating costs: CAD1205 million (USD912.7 million), +3.9%;
      • Fuel: CAD304.6 million (USD230.7 million), -11.3%;
      • Labour: CAD263.1 million (USD199.2 million), +5.4%;
    • Operating profit: CAD187.7 million (USD142.2 million), +86.0%;
    • Net profit: CAD119.4 million (USD90.4 million), +70.4%;
    • Yield: CAD 18.16 cents (USD 13.75 cents), +8.2%;
    • Revenue per ASM: CAD 15.76 cents (USD 11.94 cents), +11.0%;
    • Cost per ASM: CAD 13.64 cents (USD 10.33 cents), +4.4%;
    • Cost per ASM excl fuel and employee profit sharing: CAD 9.96 cents (USD 7.54 cents), +9.5%;
    • Average stage length: 867 miles, +1.5%;
    • Total assets: CAD7563 million (USD5727 million);
      • Cash and cash equivalents: CAD1330 million (USD1007 million);
    • Total liabilities: CAD5153 million (USD3902 million).