WestJet’s growth story carried on in 2012 as we set records throughout the year. Our earnings and load factors reached new highs and we again earned awards as a top employer.
In 2012, we continued to grow our network and now reach 85 destinations in 18 countries with a fleet of over 100 Boeing 737s; this growth will continue as we begin taking delivery of our Q400 fleet for the launch of WestJet Encore.
Our list of airline partners continues growing – we added 13 new interline agreements in 2012, providing even more travel options for our guests, and enhanced WestJet Rewards while improving our technology offerings – all intended to increase our appeal to business and leisure travellers.
While setting the stage for continued growth, we have steadily returned value to our shareholders with three dividend increases in 2012 and 2013. On February 14, 2013, the TSX approved our notice for a further normal course issuer bid.
Our 2012 return on invested capital of 13.7 per cent shows our business model is robust, and the strong engagement and passion of more than 9,000 WestJetters is what helps us deliver a great experience to our guests.
We’ve built the momentum to execute several initiatives that will enable us to succeed in 2013 and beyond.
*See president’s message to shareholders for cautionary note regarding forward-looking information.