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WestJet Q4 net earnings $48.5 million

Staff Writer |
WestJet announced its fourth quarter and year-end results for 2017, with full-year net earnings of $283.6 million, or $2.42 per diluted share.

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This compares with net earnings of $295.5 million, or $2.45 per diluted share reported in the full-year 2016.

The airline achieved its 51st consecutive quarter of profitability, reporting fourth quarter net earnings of $48.5 million, or $0.42 per diluted share compared to $55.2 million, or $0.47 per diluted share reported in the fourth quarter of 2016.

For the full-year and in each quarter of 2017, the airline flew a record number of guests.

Based on the trailing twelve months, the airline recorded a return on invested capital of 10.0 per cent, down 0.2 percentage points from the 10.2 per cent reported in the previous quarter.