Westjet 2012 Annual Report Download - page 26

WestJet 2012 Annual Report / 26
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he comparabl
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rom 0.66 cen
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ompensatio
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ur compensa
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mployee share
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mployee profit
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hare-based pay
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resentation on
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Marketing, ge
n
Inflight
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Employee prof
S
alaries and
b
S
alaries and b
e
D
uring 2012, s
a
p
rimarily due t
D
ecember 31,
2
b
enefits expen
s
he table abov
e
ncluded in sa
n
troduced in
2
W
estJetters fo
r
m
illion was rec
o
o
ver 500 hund
e
ligible for the
a
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uest experien
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mployee sh
a
T
he ESPP enc
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ependent on
t
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hares of Wes
t
p
er cent of ou
r
s
alaries. Under
he year ende
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a
rgely by the i
n
e
is comprised
e
r 31, 2012 in
f
e
period of 20
1
t
s in the same
n
crease in co
m
increased flyi
n
n
t
ion philosoph
y
t
ion of our ex
p
b
ecome owner
ts.
e
fits
purchase plan
s
hare
y
ment plans
t
he Consolidated
o
ns
n
s and navi
g
ati
o
r
ibution
n
eral and admini
s
it share
b
enefit
s
e
nefits are det
a
laries and be
n
t
o an increase
2
012 from 7,1
4
s
e for each de
p
e
.
laries and be
n
2
011 and conn
e
r
their efforts i
o
gnized in 20
1
red per cent
f
a
ward due to
h
c
e exceeding t
a
a
re purchase
o
urages empl
o
t
heir employm
e
t
Jet at the cur
r
r
eligible activ
e
the terms of
t
d
2012, our m
a
n
creased num
b
mainly of sal
a
f
light expense
w
1
1. Our infligh
t
period of the
m
pensation co
n
g time.
y
is designed t
o
p
enses are var
r
s in WestJet,
Statement of E
a
nal char
g
es
s
tration
e
rmined via a
n
efits increase
d
in our total n
4
1 employees
a
p
artment is in
c
n
efits is the
e
e
cts employee
s
n four key ar
e
1
2 for this awa
f
rom the $0.8
h
igher earning
s
a
rgets.
plan (ESPP
)
o
yees to beco
m
e
nt agreemen
t
r
ent fair mark
e
e
employees
p
t
he ESPP, we
a
a
tching expens
b
er of WestJet
t
a
ries and ben
e
w
as $156.4 mi
t cost per AS
M
prior year.
Th
sts along wit
h
o
align corpora
iable and are
t
which creates
a
rnings:
framework of
d
by 12.0 per
c
umber of full-
at the end of
2
c
luded in the r
e
e
xpense assoc
s to our busin
e
e
as: safety, on
rd and record
e
million recog
n
s
as compared
m
e owners of
t
, contribute u
p
e
t value. The
c
p
articipated in
a
cquire voting
s
e was $65.4
m
t
ers participati
n
e
fits, travel cos
llion, a $16.9
m
M
was 0.71 ce
n
h
is year-over-y
h
additional tr
a
te and person
a
t
ied to our fin
a
a personal v
e
job levels ba
s
c
ent to $538.9
time equivale
n
2
011 as well a
s
e
spective depa
iated with th
e
e
ss plan. The
O
-time perform
a
e
d in marketin
g
n
ized in 2011.
to the prior y
e
WestJet shar
e
p
to a maximu
c
ontributions a
r
the ESPP, co
n
s
hares on beh
a
m
illion, an 11.5
n
g compared t
o
s
ts and trainin
g
m
illion or 12.1
n
ts in 2012, r
e
y
ear increase i
s
a
vel costs as
a
a
l success. W
e
a
ncial results.
O
e
sted interest
i
2012
538,91
7
65,43
9
46,58
5
12,81
5
663,75
6
91,26
7
200,88
3
61,34
7
90,92
3
122,02
5
50,72
6
46,58
5
663,75
6
s
ed on interna
million from $
4
n
t employees
o
s
our annual
m
a
rtment’s oper
a
e
Owners’ Pe
r
O
wners’ Perfo
r
a
nce, guest e
x
g
, general and
This increas
e
e
ar and the ye
a
e
s. Under the
u
m 20 per cen
t
re matched b
y
n
tributing an
a
a
lf of employe
e
5
per cent incr
e
o
the prior yea
y
g
for our flight
per cent incre
a
e
presenting an
s
primarily du
e
a result of a
e
have created
Our compens
a
in our financi
a
201
1
7
4
9
5
5
6
5
7
3
1
7
3
5
1
6
5
6
5
l experience a
4
81.2 million i
n
o
f 8.4 per ce
n
m
arket and me
r
a
ting expense
l
r
formance Aw
a
r
mance Award
x
perience and
administratio
n
e
is a combin
a
a
r-end operati
o
terms of the
t
of their gros
s
y
WestJet. At
D
a
verage of 13.
9
e
s through op
e
e
ase from $58
r.
e
attendants. F
o
a
se from $139.
increase of 7
.
e
to the 12.5
p
greater numb
e
a compensati
o
a
tion strategy
e
a
l results and
o
1
C
h
4
81,211
58,682
23,804
12,553
5
76,250
83,067
1
84,174
57,364
75,586
1
08,483
43,772
23,804
5
76,250
nd external m
a
n
2011. This in
n
t to 7,742 e
m
r
it increases.
S
l
ine item, as p
r
a
rd which wa
s
is designed t
o
cost. Approxi
m
n
expense, an
a
tion of a hig
h
o
nal results for
ESPP, WestJ
e
s
salary to ac
q
D
ecember 31,
9
per cent of
e
n market pur
c
.7 million in 2
0
│
o
r the year
5 million in
.
6 per cent
p
er cent or
e
r of flight
o
n program
e
ncourages
operational
h
ange
12.0%
11.5%
95.7%
2.1%
15.2%
9.9%
9.1%
6.9%
20.3%
12.5%
15.9%
95.7%
15.2%
a
rket data.
crease was
m
ployees at
S
alaries and
r
esented in
s
originally
o
recognize
m
ately $5.0
increase of
h
er amount
safety and
e
tters may,
q
uire voting
2012, 85.4
their gross
c
hases. For
0
11, driven