Calgary-based low-cost carrier (LCC) WestJet earned a net profit of C$367.5 million ($265.1 million) for the full-year 2015, up 29.4% over net income of C$284 million in 2014. The result marked the airline’s 10th consecutive year of profitability and, despite economic weakness in western Canada in 2015 owing to low oil prices, was the company’s highest-ever annual net profit. Return on invested capital (ROIC) for the 12 months ended Dec. 31, 2015, was 15.3%, down slightly from ...

Subscribe to Access this Entire Article

"WestJet’s 2015 profit rises 29%" is part of ATW Plus, our online premium membership. Subscribing will provide you access to exclusive news, carefully researched airline financial, fleet and traffic data, plus the option to receive our popular, award-winning print magazine. To learn more, click here. If viewing via ATW Mobile, please login and click "Read web article" to view fully. Questions?

Already registered? here.