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WestJet Airlines Ltd
Symbol WJA
Shares Issued 115,934,695
Close 2017-10-11 C$ 27.35
Market Cap C$ 3,170,813,908
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WestJet Airlines' September load factor at 80.4%

2017-10-12 08:40 ET - News Release

Mr. Gregg Saretsky reports

WESTJET REPORTS RECORD SEPTEMBER LOAD FACTOR OF 80.4 PER CENT

WestJet Airlines Ltd. has provided September, 2017, traffic results with a load factor of 80.4 per cent, an increase of 0.5 percentage point year over year. Revenue passenger miles (RPMs), or traffic, increased 5.9 per cent year over year, and capacity, measured in available seat miles (ASMs), grew 5.3 per cent over the same period. In the third quarter of 2017, the airline flew an all-time record high of 6.5 million guests, a year-over-year increase of 10.7 per cent or approximately 630,000 additional guests.

"We are very pleased with our strong traffic growth, as we reported record load factors each month this quarter, which translated into achieving both our highest ever quarterly load factor of 85.7 per cent, and flying an all-time quarterly record number of guests in our 21-year history," said WestJet president and chief executive officer Gregg Saretsky. "I want to sincerely thank our over 13,000 WestJetters for continuing to deliver our award-winning brand of friendly caring service as we transition through our shoulder period into the busy winter season."

               SEPTEMBER 2017 TRAFFIC RESULTS
  
  
                  September, 2017    September, 2016

Load factor                 80.4%              79.9%
ASMs (billions)             2.488              2.363
RPMs (billions)             1.999              1.887

                  Third quarter 2017    Third quarter 2016

Load factor                    85.7%                 84.0%
ASMs (billions)                8.077                 7.635
RPMs (billions)                6.922                 6.414

                  Year to date 2017   Year to date 2016

Load factor                   83.9%               82.3%
ASMs (billions)              23.339              22.045
RPMs (billions)              19.575              18.152


  

In September, WestJet broke ground on its new $50-million hangar project at YYC Calgary International Airport that will support the airline's continuing fleet expansion and growth of its Calgary hub. The hangar, once complete, will occupy 125,000 square feet, accommodate its new Boeing 787-9 Dreamliner aircraft and stand eight storeys tall.

Also in September, WestJet announced the name and logo for its ultralow-cost airline (ULCC) in Canada. Named Swoop, the ULCC will begin selling flights in early 2018. Swoop will provide Canadians with a no-frills, lower-fare travel option backed by an airline with a proven record of bringing lower fares to Canadians and an investment-grade credit rating. Sign up at the Fly Swoop website to receive details on Swoop's job opportunities, launch plans and to learn more about Canada's newest airline.

About WestJet Airlines Ltd.

WestJet is proud to be named best airline in Canada and one of the best low-cost airlines in North America, based on authentic reviews from the travelling public on Trip Advisor, the world's largest travel site. The company is one of very few airlines globally that does not commercially overbook. Together with its regional airline, WestJet Encore, the company offers scheduled service to more than 100 destinations in North America, Central America, the Caribbean and Europe, and to more than 175 destinations in over 20 countries through its airline partnerships. WestJet Vacations offers affordable, flexible vacations to more than 60 destinations and the choice of more than 800 hotels, resorts, condos and villas.

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