WestJet
TSX : WJA

WestJet

January 07, 2008 08:30 ET

WestJet Reports Record December Load Factor of 79.3 Per Cent

Airline's December traffic results cap off a record fourth quarter and year

CALGARY, ALBERTA--(Marketwire - Jan. 7, 2008) - WestJet (TSX:WJA) today announced a record December load factor of 79.3 per cent. This was accompanied by 15.2 per cent capacity growth, measured in available seat miles, and an increase in RPMs (revenue passenger miles) of 17.1 per cent.

Compared to the full year 2006, the airline ended 2007 with a record load factor of 80.7 per cent, full year capacity growth of 16.1 per cent and RPM growth of 19.9 per cent.

Sean Durfy, WestJet President and CEO commented, "Driven by a healthy Canadian economy and the superior value we deliver to our guests, our December traffic results capped off a record fourth quarter and 2007. Our exceptional guest experience has established WestJet as a strong brand coast to coast. I would like to thank our WestJetters for their hard work and dedication to making WestJet a great airline.

"These results are a strong springboard to 2008. Despite the rising price of oil, we are confident our plans for the coming year remain on track. We look forward to beginning scheduled service to our newest Hawaiian destination of Kona in January. We ended 2007 with a fleet of 70 Boeing Next-Generation 737s and believe we are well positioned to add seven more aircraft in 2008. With 16 per cent more capacity to be added in 2008, our network and schedule will provide even more choice and value for our guests."



December 2007 Traffic Results

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December 2007 December 2006 Per cent change
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Load Factor 79.3% 78.0% 1.3 pts.
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Available Seat Miles (ASM) 1.322 billion 1.148 billion 15.2%
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Revenue Passenger Miles
(RPM) 1.049 billion 0.896 billion 17.1%
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Q4 2007 Q4 2006 Per cent change
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Load Factor 77.7% 75.5% 2.2 pts.
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Available Seat Miles (ASM) 3.819 billion 3.315 billion 15.2%
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Revenue Passenger Miles
(RPM) 2.968 billion 2.502 billion 18.6%
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Full Year 2007 Full Year 2006 Per cent change
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Load Factor 80.7% 78.2% 2.5 pts.
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Available Seat Miles (ASM) 14.545 billion 12.524 billion 16.1%
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Revenue Passenger Miles
(RPM) 11.739 billion 9.792 billion 19.9%
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Sean Durfy added, "In December the weather challenged our WestJetters and they came through with flying colours. RASM for the month showed improvement over December 2006. I have great admiration and appreciation for our people who delivered record high load factors throughout the year while maintaining a level of service that is unrivaled."

This disclosure may contain forward-looking statements and are subject to, and may be affected by, numerous risks and uncertainties, some of which are beyond WestJet's control. WestJet's results may differ materially from those expressed in or implied by such statements. Factors that could cause or contribute to these differences include, but are not limited to: changes in government policy, exchange rates, interest rates, disruption of supplies, volatility of fuel prices, terrorism, general economic conditions, the competitive environment and other factors described in WestJet's public reports and filings. Forward-looking statements are subject to change and WestJet does not undertake to update, correct or revise any forward-looking information as a result of any new information, future events or otherwise.

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