WestJet (Calgary) has announced its third quarter 2014 results, with record adjusted net earnings of $85.4 million (all amounts in Canadian dollars), or $0.66 per diluted share. This compares with the net earnings of $65.1 million, or $0.50 per diluted share reported in the third quarter of 2013, up 31.2 per cent and 32.0 per cent, respectively. Based on the trailing twelve months, the airline achieved a return on invested capital of 13.8 per cent, compared with the 13.7 per cent reported in the previous quarter. These adjusted results exclude a pre-tax non-cash loss of $45.5 million associated with the previously disclosed sale of 10 of our oldest Boeing 737 aircraft.

In September, WestJet announced the launch of its new WestJet Rewards tiers program, which will make frequent guests eligible for higher WestJet dollar earn rates on WestJet flights, additional companion flights, and new easy-to-use flight benefits. Here is a video of “Profit Share” from two years ago:

Video Above: Twice per year, in November and May, WestJet shares a portion of its profits with its employees. According to the airline, “We make a fun video to play at our profit share party and this is just one of a long list of videos we’ve made over the past few years. Enjoy!”

Top Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-8CT C-GWSZ (msn 37092) in the special “Magic Plane” color scheme promoting Walt Disney World arrives in Los Angeles.

WestJet: