WestJet
TSX : WJA

WestJet

December 05, 2006 16:14 ET

WestJet Reports a Record November Load Factor of 73.4 Per Cent With a 27 Per Cent Gain in Capacity

CALGARY, ALBERTA--(CCNMatthews - Dec. 5, 2006) - WestJet (TSX:WJA) announced today its traffic results reporting a record November load factor of 73.4 per cent with substantial increase in capacity of 27 per cent and revenue passenger miles of 29 per cent. This load factor exceeds the previous November high, of 71.9 per cent recorded in 2005, by 1.5 points. Year-to-date load factor increased to 78.2 per cent from 74.2 per cent, an increase of 4.0 points.

WestJet's available seat miles (ASMs) for November 2006 increased to 1,063.8 million, up from 840.3 million in November 2005, an increase of 27 per cent. Year to date, ASMs have increased to 11,376.1 million, up from 9,730.8 million in the same 11-month period in 2005, an increase of 17 per cent.

Sean Durfy, WestJet President commented: "This strong load factor, especially in light of our largest year-over-year monthly capacity growth in 2006, is indicative of our continued momentum. We have progressively improved performance over the past five quarters. In particular this month, with 17 per cent of our scheduled capacity transitioning into the sun destination markets we are pleased with November's performance.

"WestJet continues to track to similar year-over-year fourth quarter RASM results, which is impressive taking into consideration our significant capacity increases this quarter. Looking forward, I am confident we are well positioned for the first quarter 2007."

Revenue passenger miles (RPMs) also increased to 780.4 million, up from 604.2 million in November 2005 a 29 per cent increase. Year to date, RPMs increased to 8,896.1 million from 7,220.6 million over the same period in 2005, an increase of 23 per cent.

Marking its tenth anniversary this year, WestJet is Canada's leading low-fare airline offering scheduled service throughout its 35-city North American and Caribbean network. Named Canada's most admired corporate culture in 2006, WestJet pioneered low-cost high-value flying in Canada. With increased legroom and leather seats on its modern fleet of Boeing Next-Generation 737 aircraft, and live seatback television provided by Bell ExpressVu on the majority of its fleet, WestJet strives to be the number one choice for travellers.

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