Westjet 2012 Annual Report Download - page 55

WestJet 2012 Annual Report / 55
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F
O
A
vailable sea
t
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uest use in an
R
evenue pas
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tage length.
L
oad factor:
A
m
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ield (revenu
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evenue per
a
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ost per avai
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ycle: One flig
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tilization: O
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ur practice, c
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A
djusted equ
s
used in the c
A
djusted net
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ebt to EBITD
A
E
BITDAR: Ea
r
g
ains and loss
e
n
dustry to eva
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C
ASM, exclu
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s
hare expense
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t
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eturn on in
v
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ase obligatio
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ree cash fl
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vailable that c
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ree cash flo
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perating ca
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aircraft by st
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s
enger miles
A
measure of
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u
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ger mile.
a
vailable sea
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able seat mi
l
ht, counted b
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p
erating hours
A
ND ADDIT
I
n
on-GAAP and
a
t
: The sum of
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nsistent with
v
e a present
v
e
bt to EBITDA
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ity: The sum
o
alculation of a
d
debt: Adjust
e
A
R, as defined
b
r
nings before
n
e
s on derivativ
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uate results b
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ing fuel and
to assess the
p
rices are affe
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ry capacity, a
n
b
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his expense al
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ested capita
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ate returns.
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t
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a
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n be used to
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per share:
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s
h flow per s
h
): A measure
o
a
ge length.
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total capacity
e passenger
t mile (RAS
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l
e (CASM): O
p
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the aircraft le
a
per day per o
p
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ONAL GAA
P
a
dditional GAA
long-term de
b
common airlin
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v
alue debt eq
u
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, as defined b
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f share capit
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d debt less c
a
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elow.
n
et finance co
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es, and foreig
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excluding dif
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employee p
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operating pe
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ted by a hos
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eturn is calcul
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lance-sheet a
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cash flow le
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pursue other
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ree cash flow
h
are: Cash flo
w
o
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c
asure of gues
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mile): A mea
s
M
):
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otal reven
p
erating expe
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erating aircra
f
P
MEASURE
S
P measures ar
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b
t, obligations
u
e
industry pra
c
u
ivalent. This
m
e
low.
a
l, equity reser
o
-equity.
a
sh and cash
e
s
ts, taxes, dep
n
exchange g
a
f
erences in the
r
ofit share:
W
r
formance of
o
t
of factors o
u
a
nd and suppl
y
a
re expense is
e
r comparabilit
y
easure comm
o
a
ted based on
ircraft leases.
u
ity and off-bal
a
s
s capital exp
e
o
pportunities a
f
divided by th
e
w
from operati
c
apacity, calcu
t
traffic, calcul
a
c
ulated by divi
s
ure of unit re
v
ue divided by
a
n
ses divided by
nd and landin
g
f
t.
S
e
used to mon
i
u
nder finance l
c
tice, is to mul
t
m
easure is us
ves and retain
e
quivalents. T
h
reciation, airc
r
a
ins or losses.
method by w
h
W
e exclude th
e
o
ur business.
F
u
tside our con
y
. Excluding t
h
excluded fro
m
y
.
o
nly used to as
our earnings
Invested capi
t
a
nce-sheet air
c
e
nditures. Thi
s
f
ter maintainin
g
e
diluted weigh
t
ons divided b
y
s
lated by multi
p
a
ted by multip
l
i
ding revenue
v
enue, calcula
t
a
vailable seat
m
available seat
g
.
i
tor our financi
l
eases and off
-
t
iply the trailin
g
ed in the calc
n
ed earnings,
e
h
is measure is
r
aft rent and
o
EBITDAR is a
h
ich an airline
f
e
effects of air
Fuel expense
trol, such as
s
h
is expense all
o
m
our operatin
g
sess the effici
e
before tax, ex
c
t
al includes av
c
raft operating
s
measure is
u
g
and expandi
n
t
ed average n
u
y
diluted weigh
t
s
p
lying the nu
m
lying the num
b
passenger mil
e
t
ed as the gro
s
m
iles.
miles.
al performanc
e
-
balance-sheet
g
12 months
o
c
ulation of adj
u
e
xcluding hedg
used in the c
a
o
ther items, su
measure com
f
inances its air
c
r
craft fuel exp
e
is excluded fr
o
s
ignificant we
a
o
ws us to ana
l
g
results beca
u
e
ncy with whic
c
luding special
v
erage long-te
r
leases.
u
sed to calcul
n
g the asset b
a
u
mber of shar
e
t
ed average s
h
s
m
ber of seats a
v
b
er of segmen
t
e
s by total av
a
s
s revenue ge
n
e
:
aircraft opera
t
o
f aircraft leasi
n
u
sted debt-to
-
e reserves. Th
a
lculation of a
d
ch as asset i
m
monly used in
c
raft.
e
nse and empl
o
m our opera
t
a
ther events,
g
l
yze our opera
t
u
se of its vari
a
h a company
a
items, financ
e
r
m debt, aver
a
ate the amou
a
se.
e
s outstanding.
h
ares outstandi
│
v
ailable for
t
guests by
a
ilable seat
n
erated per
t
ing leases.
n
g expense
-
equity and
is measure
d
justed net
m
pairments,
the airline
oyee profit
t
ing results
g
eopolitical
t
ing results
a
ble nature
a
llocates its
e
costs and
a
ge finance
nt of cash
ng.