Westjet 2009 Annual Report Download - page 5

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WestJet 2009 Annual Report 3
RASM vs. CASM*
(cents)
RASM (revenue per available seat mile)
CASM (cost per available seat mile)
Revenue
(millions of dollars)
Cash and
cash equivalents
(millions of dollars)
2005 2006 2007 2008 2009
11.8
12.1 12.1 12 .4
13.2
12.9
14.0 14.6 14.9
13.0
2005 2006 2007 2008 2009
260
378
654
820
1,005
2005 2006 2007 2008 2009
1,379
1,751
2,127
2,550
($ in thousands, except per share data) 2009 2008 2007 2006 2005
Consolidated fi nancial information
Revenue $ 2,281,120 $ 2,549,506 $ 2,127,156 $ 1,751,269 $ 1,378,794
Earnings before income taxes*$ 136,796 $ 254,749 $ 233,313 $ 164,783 $ 40,950
Net earnings* $ 98,178 $ 178,506 $ 189,048 $ 116,631 $ 20,171
Earnings per share*
Basic $ 0.74 $ 1.39 $ 1.46 $ 0.90 $ 0.16
Diluted $ 0.74 $ 1.37 $ 1.44 $ 0.90 $ 0.16
Operational highlights
Available seat miles 17,587,640,902 17,138,883,465 14,544,737,340 12,524,379,943 10,672,983,797
Revenue passenger miles 13,834,761,211 13,730,960,234 11,739,063,003 9,791,878,403 7,957,738,384
Load factor 78.7% 80.1% 80.7% 78.2% 74.6%
Yield (cents) 16.49 18.57 18.12 17.88 17.33
RASM (cents) 12.97 14.88 14.62 13.98 12.92
CASM (cents)*11.77 13.17 12.36 12.10 12.05
CASM, excluding fuel
and employee profi t share (cents)*8.45 8.29 8.57 8.54 8.67
*2005 to 2008 numbers restated; 2007 excludes reservation system impairment of $31.9 million.
2,281
FINANCIAL OVERVIEW