WestJet
TSX : WJA

WestJet

April 04, 2007 08:30 ET

WestJet Announces Its Highest March Load Factor in History

Load factor of 85.2 per cent marks the airline's best March, capping a record first quarter

CALGARY, ALBERTA--(CCNMatthews - April 4, 2007) - WestJet (TSX:WJA) today announced a March load factor of 85.2 per cent - a record high for the month. Results for March include an 18 per cent increase in available seat miles over March last year, demonstrating the airline's continued ability to add capacity and stimulate demand. WestJet's year-to-date load factor of 81.1 per cent marks a record first quarter, a significant achievement in a quarter where capacity increased 19% per cent.

Sean Durfy, WestJet President commented, "These results clearly establish WestJet as a national airline of choice. The past three months of record load factor indicate guests are choosing WestJet and that we are well positioned to successfully continue adding aircraft to our fleet. We have an additional five deliveries for new 737s confirmed before year-end, bringing our 2007 total to seven new aircraft.

"Our record first quarter traffic results show that our unique guest experience delivered by our WestJetters is meaningful for our guests. I would like to thank our people for their efforts throughout the first quarter."



March 2007 Traffic Results
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Per cent
March 2007 March 2006 change
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Load Factor 85.2% 81.9% 3.3 pts.
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Available Seat Miles (ASM) 1,195.6 million 1,014.6 million 18%
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Revenue Passenger Miles (RPM) 1,018.4 million 831.3 million 23%
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Per cent
Q1 2007 Q1 2006 change
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Load Factor 81.1% 79.4% 1.7 pts.
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Available Seat Miles (ASM) 3,449.0 million 2,897.1 million 19%
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Revenue Passenger Miles (RPM) 2,797.2 million 2,300.4 million 22%
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"Similar to January and February, we are pleased with RASM (revenue per available seat mile) for March, as this key measure continues to track to expectations," said Sean Durfy. "Our growth, specifically in Eastern Canada, will continue as we begin service into Kitchener-Waterloo, Saint John and Deer Lake starting in May."

This discussion 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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