Westjet 2015 Annual Report Download - page 7

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WestJet Annual Report 2015 | 5
Caution regarding forward-looking statements
Certain statements set forth in the above president’s message to shareholders, including without limitation,
information respecting WestJetters continuing to drive our success for the next 20 years; our plans to introduce
service to Nashville, Tennessee beginning in the first half of 2016; our plans to expand our transatlantic service to
London, Gatwick in the spring of 2016; our expectation that our 767 service will be immediately accretive to
earnings; our expectation that enhancements to our Plus product will support ancillary revenue growth on a go-
forward basis; our expectations that installations of our WestJet Connect system will be completed on the majority of
our Boeing 737 & 767 fleet by the end of 2016; our expectation that our new initiatives will bring value to guests and
shareholders; our plans to launch new initiatives including an expanded Plus section across our fleet to better
penetrate the business and premium leisure segments, continuing to reconfigure our fleet with larger aircraft to drive
down seat mile costs, growing our airline partnerships to expand our network utility, and further enhancing our
WestJet/RBC MasterCard program to include new companion benefits to Southern and European destinations; and
WestJet’s return on invested capital target of 13 to 16 per cent contain certain forward-looking statements. By their
nature, forward-looking statements are subject to numerous risks and uncertainties, some of which are beyond
WestJet’s control. These forward-looking statements are based on our existing strategies, our long-term strategic
plan, our fleet plan and our current forecast, but may vary due to factors including, but not limited to changes in fuel
prices, changes in guest demand, general economic conditions, competitive environment, ability to effectively
implement and maintain critical systems, ability to successfully negotiate and effectively implement new partnering
relationships, regulatory approvals and requirements, and other factors described in WestJet’s public reports and
filings, which are available on WestJet’s profile at sedar.com. Readers are cautioned that undue reliance should not
be placed on forward-looking statements as actual results may vary materially from the forward-looking statements.
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.
Non-GAAP measures
This president’s message to shareholders contains disclosure respecting non-GAAP measures including, without
limitation, adjusted net earnings; adjusted diluted earnings per share; and return on invested capital. Non-GAAP
measures are included to enhance the overall understanding of WestJet’s financial performance and to provide an
alternative method for assessing WestJet’s operating results in a manner that is focused on the performance of
WestJet’s ongoing operations, and to provide a more consistent basis for comparison between reporting periods.
These measures are not calculated in accordance with, or an alternative to, GAAP and do not have standardized
meanings. Therefore, they may not be comparable to similar measures provided by other entities. Readers are urged
to review the section entitled “Reconciliation of non-GAAP and additional GAAP measures” in WestJet’s
management’s discussion and analysis of financial results for the year ended December 31, 2015.