Westjet 2000 Annual Report Download - page 25

Download and view the complete annual report

Please find page 25 of the 2000 Westjet annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 40

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40

Years ended December 31, 2000 and 1999
(Stated in Thousands of Dollars, Except Per Share Data)
2000 1999
Revenues:
Passenger revenues $ 315,931 $ 193,715
Charter and other 16,588 9,859
332,519 203,574
Expenses:
Passenger services 64,090 43,955
Aircraft fuel 55,875 30,480
Maintenance 49,512 31,854
Sales and marketing 21,763 13,907
Amortization 17,959 8,272
Employee profit share provision 13,549 6,633
Flight operations 13,923 8,826
Reservations 12,497 9,550
General and administration 12,147 9,410
Inflight 10,972 7,531
Aircraft leasing 6,770 2,687
279,057 173,105
Earnings from operations 53,462 30,469
Non-operating income (expense):
Interest income 2,463 1,657
Interest expense (2,937) (2,871)
Gain (loss) on disposal of assets (282) 93
(756) (1,121)
Earnings before income taxes 52,706 29,348
Income taxes (note 7):
Current 18,102 7,696
Future 4,350 5,820
22,452 13,516
Net earnings 30,254 15,832
Retained earnings, beginning of year 25,448 9,616
Retained earnings, end of year $ 55,702 $ 25,448
Earnings per share:
Basic $ 0.72 $ 0.42
Fully diluted $ 0.69 $ 0.39
See accompanying notes to consolidated financial statements.
Kelowna
WESTJET AIRLINES LTD.
CONSOLIDATED
STATEMENTS OF EARNINGS
AND RETAINED EARNINGS
Tracey works with our
Information Technology team.