WestJet on July 26 released second quarter results for 2019 with net earnings of $44.3 million. This marks what the company describes as a significant return to second quarter profitability, noting it had a net loss of $15.8 million in the corresponding quarter of 2018.
“We are very pleased with this significant return to second quarter profitability,” said Ed Sims, president and CEO of WestJet. “I want to acknowledge the remarkable effort of all 14,000 WestJetters who rose to the challenge of delivering this notable improvement in year over year performance and thank all of our guests for their continued loyalty.”
WestJet also experienced a positive jump of 11.5 per cent in total revenue when comparing the two quarters year over year, reaching $1.21 billion in Q2 2019 up from $1.09 billion in Q2 2018.
The company’s load factor increased year over year to 87.2 per cent in the second quarter of 2019 versus 83.89 per cent in the second quarter of 2018, while its “segment guests” also increased 3.5 per cent to 6,493,802 in Q2 2019.