News Releases
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Airline continues growth, reporting double-digit increases in capacity
and revenue passenger miles
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CALGARY, Dec. 3 /CNW/ - WestJet today announced November traffic results
with a record load factor of 76.1 per cent for the month. Revenue passenger
miles increased 14.4 per cent while capacity, measured in available seat
miles, grew 13.5 per cent.
"Our November load factor and continued growth in revenue passenger miles
indicate to us that the Canadian market has a healthy balance of travellers
and aircraft seat capacity," said Sean Durfy, WestJet President and CEO. "Our
amazing WestJetters continue to be the reason why we are producing
industry-leading results. In times of challenge, like in today's economy, our
people continue to show they care about our airline and our guests by
providing a world-class experience."
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November 2008 traffic results
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November 2008 November 2007 Change
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Load factor 76.1% 75.6% 0.5 pts.
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Available seat
miles (ASM) 1.387 billion 1.222 billion 13.5%
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Revenue passenger
miles (RPM) 1.056 billion 0.923 billion 14.4%
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Year-to-date 2008 Year-to-date 2007 Per cent change
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Load factor 80.0% 80.8% (0.8 pts.)
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Available seat
miles (ASM) 15.676 billion 13.223 billion 18.6%
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Revenue
passenger miles
(RPM) 12.548 billion 10.690 billion 17.4%
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WestJet continues to enhance its winter schedule, offering guests more
flexibility to travel to popular sun destinations.
"As the snow flies and the busy holiday season approaches, WestJet
Vacations is quickly becoming a tried and trusted choice for Canadian vacation
travellers; our recently launched destinations of Barbados, Cancun and Puerto
Vallarta are proving very popular," continued Sean Durfy. "Revenue per
available seat mile (RASM) for the fourth quarter of 2008 is tracking
comparably to last year."
This disclosure contains forward-looking statements, including but not
limited to, statements regarding projected fourth quarter demand and revenue
and are based on fourth quarter bookings to date. However, these
forward-looking statements are subject to, and may be affected by, numerous
risks and uncertainties, some of which are beyond WestJet's control. WestJet's
results may differ materially from those expressed in or implied by such
statements. Factors that could cause or contribute to these differences
include, but are not limited to: changes in consumer demand, changes in
government policy, exchange rates, interest rates, disruption of supplies,
volatility of fuel prices, terrorism, general economic conditions, the
competitive environment and other factors described in WestJet's public
reports and filings. Forward-looking statements are subject to change, and
WestJet does not undertake to update, correct or revise any forward-looking
statements as a result of any new information, future events or otherwise,
except as may be required by applicable law.
About WestJet
WestJet is Canada's leading high-value low-cost airline offering
scheduled service throughout its 51-city North American and Caribbean network.
Named Canada's most admired corporate culture in 2005, 2006, 2007 and 2008,
WestJet pioneered low-cost flying in Canada. WestJet offers increased legroom
and leather seats on its modern fleet of 76 Boeing Next-Generation 737
aircraft and live seatback television provided by Bell ExpressVu. With future
confirmed deliveries for an additional 45 aircraft, bringing its fleet to 121
by 2013, WestJet strives to be the number one choice for travellers.