WestJet
TSX : WJA

WestJet

May 03, 2007 08:30 ET

WestJet Announces Record April Load Factor

Capacity and revenue indicators remain strong as airline's momentum continues

CALGARY, ALBERTA--(CCNMatthews - May 3, 2007) - WestJet (TSX:WJA) today announced its April load factor of 82.8 per cent, exceeding last year's April load factor of 78.5 per cent and setting a new high for the month. April's results include a 16 per cent increase in available seat miles and a 23 per cent increase in revenue passenger miles.

Sean Durfy, WestJet President commented, "Beyond the considerable year-over-year improvement in domestic load factor, our U.S. and Caribbean transborder deployment strategy delivered strong load factors in April. We are continually optimizing our fleet deployment, benefiting from our previous experience. This has enabled WestJet to significantly increase capacity and launch into new destinations with favourable results. In May, as we transition a portion of our capacity back to domestic flying, we are tracking to successful new destination launches that will bring WestJet to Kitchener, Ontario, Saint John, New Brunswick, and Deer Lake, Newfoundland."



April 2007 Traffic Results

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April 2007 April 2006 Per cent
change
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Load Factor 82.8% 78.5% 4.3 pts.
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Available Seat Miles (ASM) 1,130.4 million 973.4 million 16%
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Revenue Passenger Miles (RPM) 936.5 million 763.8 million 23%
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Year-to-date Year-to-date Per cent
2007 2006 change
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Load Factor 81.5% 79.2% 2.3 pts.
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Available Seat Miles (ASM) 4,579.4 million 3,870.5 million 18%
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Revenue Passenger Miles (RPM) 3,733.7 million 3,064.3 million 22%
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"These results show our value proposition is resonating with Canadians. Our seasonal network deployment strategy in combination with our people-driven exceptional guest experience is resulting in more travellers choosing WestJet," added Sean Durfy. "Overall, RASM (revenue per available seat mile) is in line with our expectations. The market continues to absorb our capacity while we attain similar or better year-over-year performance indicators."

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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