WestJet has reported second quarter 2010 net earnings of $21 million, which marks its 21st consecutive quarter of profitability and a 130 percent increase in net earnings, year-over-year.

Published: 06 Aug 2010

WestJet has reported second quarter 2010 net earnings of $21 million, which marks its 21st consecutive quarter of profitability and a 130 percent increase in net earnings, year-over-year.

The company reported an operating margin of 6.6 percent, compared to 6.9 percent in the second quarter of 2009.

WestJet president and CEO Gregg Saretsky, said, “The improving demand and traffic results experienced during the quarter enabled us to increase our revenue by 15.2 percent and our RASM by 4.0 percent, compared to the prior period.”

The main cost reductions came from a stronger Canadian dollar and increased average stage length, offset by higher commissions from WestJet Vacations’ significant revenue growth, quarter over quarter.

The airline shared that significant investments in technology to enhance WestJet’s strategic capabilities in 2009 are now being leveraged to deliver new revenue opportunities, while mitigating cost impacts from the increased complexity in the organisation.