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WestJet Airlines Ltd
Symbol WJA
Shares Issued 114,066,210
Close 2018-04-06 C$ 23.54
Market Cap C$ 2,685,118,583
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WestJet has March load factor of 85.6%

2018-04-09 08:01 ET - News Release

Mr. Ed Sims reports

WESTJET REPORTS MARCH LOAD FACTOR OF 85.6 PER CENT

WestJet Airlines Ltd. has released its March, 2018, traffic results with a load factor of 85.6 per cent, an increase of 1.5 percentage points year over year. Revenue passenger miles (RPMs), or traffic, increased 7.0 per cent year over year, while capacity, measured in available seat miles (ASMs), grew 5.2 per cent over the same period. WestJet flew a record 2.2 million guests in March, a year-over-year increase of 6.7 per cent or approximately 136,000 additional guests.

"We are pleased to see such strong year-over-year traffic growth as 6.1 million guests chose to fly with us in the first quarter," said WestJet president and chief executive officer Ed Sims. "This new record for the quarter is all the more remarkable given the degree of disruption during the challenging winter season. My sincere thanks go out to the 13,000 WestJetters for their unwavering dedication over that time."

                 MARCH, 2018, TRAFFIC RESULTS
 
                           March, 2018           March, 2017

Load factor                      85.6%                 84.1%
ASMs (billions)                  2.815                 2.676
RPMs (billions)                  2.409                 2.252


                    First quarter 2018    First quarter 2017

Load factor                      84.8%                 83.0%
ASMs (billions)                  8.029                 7.699
RPMs (billions)                  6.810                 6.393

In March, WestJet officially launched inaugural service to Mexico City from Calgary and Vancouver, further solidifying its position as the Canadian airline with the most flights to Mexico. WestJet also became the first Canadian airline operating non-stop from Calgary to Denver.

Swoop, Canada's first true ultralow-cost carrier (ULCC), announced the addition of a fourth Boeing 737-800 aircraft, and an increased weekly frequency schedule out of John C. Munro Hamilton International Airport. Swoop announced its initial schedule on Feb. 1, with service starting from Abbotsford, Edmonton, Halifax, Hamilton and Winnipeg. The addition of a fourth aircraft will increase weekly frequency almost twofold for Hamilton-Edmonton and Hamilton-Abbotsford, while service from Hamilton to Halifax and Winnipeg will now be offered daily.

About WestJet Airlines Ltd.

WestJet is proud to be named the 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 WestJet's regional airline, WestJet Encore, the company offers scheduled service to more than 100 destinations in North America, Central America, the Caribbean, Europe and to more than 175 destinations in over 20 countries through its airline partnerships.

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