WestJet announces 4Q and 2009 financial results

WestJet Airlines (Calgary) yesterday (February 16) announced its fourth quarter and full-year results for 2009. The airline reported fourth quarter net earnings of C$20.2 million and full-year net earnings of C$98.2 million. The airline’s results were impacted by a non-recurring net future income tax reduction during 2009. Excluding this gain, WestJet reported adjusted fourth quarter net earnings of C$15.1 million and adjusted full-year net earnings of C$93.1 million.

This represents its 19th consecutive quarter of profitability.