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WestJet 2013 earnings sets record

5 February 2014

WestJet (TSX: WJA) reported record net earnings of USD268.7m for its 2013, up from the net earnings of USD242.4m reported for the full-year 2012.

“We continued to expand on our success in 2013 as several key accomplishments, including the launch of WestJet Encore and our Fare Bundles product, helped us achieve a year of record earnings, and a return on invested capital above our 12 per cent target for the sixth consecutive quarter,” said WestJet CEO Gregg Saretsky.

On February 3, 2014, WestJet´s board of directors declared a cash dividend of USD0.12 per common voting share and variable voting share for the first quarter of 2014, to be paid on March 31, 2014, to shareholders of record on March 19, 2014. All dividends paid by WestJet are, pursuant to subsection 89(14) of the Income Tax Act, designated as eligible dividends, unless indicated otherwise. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit.

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