WestJet has announced a record January load factor of 76.8% in its traffic figures for January 2009.
The figures results from a revenue passenger miles (RPMs) increase of 10.3% to 1.141 billion from 1.034 billion year over year and capacity, measured in available seat miles (ASMs), growing by just 9.4% over the same period, from 1.357 billion to 1.485 billion.
"We are pleased with our increased load factor for the month of January," commented Sean Durfy, WestJet president and CEO. "Our traffic results demonstrate the success of our efforts to continue to grow profitably. With more than 35,000 more guests coming onboard this January compared to last, we are further penetrating all the markets we serve.
"Given the continuing economic downturn, we are cautious with respect to our year-over-year revenue per available seat mile (RASM) predictions. It is difficult to compare the first quarter of 2009 to our record first quarter of 2008 that saw us increase RASM by eight per cent year over year. Our first quarter of 2008 benefited from Easter taking place in March as well as a more robust economy in western Canada. Presently, we are seeing downward pressure on our yields, contributing to an expected decline in year-over-year RASM for the first quarter of 2009.
"Our cost structure, value proposition and respected brand help us weather the challenges of economic downturns," continued Durfy. "With the continued commitment and enthusiasm of our WestJetters we remain positive about WestJet's strategy and outlook."
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