WestJet Announces Record Fourth Quarter and Year-End Results ; Airline reports a 63.7% increase in fourth quarter earnings from operations

From: CCNMatthews Newswire | Date: February 13, 2008 | Copyright information

CALGARY, ALBERTA--(Marketwire - Feb. 13, 2008) - WestJet (TSX:WJA) today announced record fourth quarter and full-year 2007 results. The airline's quarterly net earnings increased to $75.4 million from $26.7 million in the same period last year. Diluted earnings per share (EPS) for the fourth quarter was 57 cents compared to 21 cents in the same period last year. These results included a one-time favourable adjustment of $33.7 million due to corporate income tax rate reductions enacted by the...

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