WestJet reports record third quarter net earnings

CALGARY, Nov. 1, 2016 /CNW/ – WestJet (TSX: WJA) today announced its third quarter results for 2016, with net earnings of $116.0 million, or $0.97 per fully diluted share, as compared with net earnings of $101.8 million, or $0.82 per fully diluted share reported in the third quarter of 2015. WestJet achieved its 46th consecutive quarter of profitability and flew a record 5.9 million guests. Based on the trailing twelve months, the airline recorded a return on invested capital of 11.6 per cent, up 0.2 percentage points from the 11.4 per cent reported in the previous quarter.

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