Efficient WestJet reports record fourth-quarter, full-year profits

WestJet demonstrated its ability to manage costs and capacity in both the final quarter of 2007 and the full year, reporting record net earnings in both periods. Its full-year profit of C$192.8 million ($192.7 million) represented a 68.2% improvement over the C$114.7 million reported in 2006. Fourth-quarter net earnings of C$75.4 million were nearly triple the C$26.7 million earned in the year-ago period, though they were boosted by a $33.7 million gain related to a reduction in Canada's ...