* Raises quarterly dividend to C$0.10 from C$0.08
* Earnings rise to C$0.46/share vs C$0.26 a year earlier
* Revenue rises 10 percent to C$860.6 million
Feb 6 WestJet Airlines Ltd, Canada's
second-largest airline, reported a 71 percent rise in
fourth-quarter profit as it added new destinations and flew
fuller planes, and raised its quarterly dividend.
The Calgary-based company raised its quarterly dividend by 2
Canadian cents to 10 Canadian cents.
Earnings rose to C$60.9 million ($61 million), or 46
Canadian cents per share, from C$35.6 million, or 26 Canadian
cents per share, a year earlier.
Revenue increased 10 percent to C$860.6
Analysts had expected earnings of 42 Canadian cents per
share on revenue of C$856.7 million, according to Thomson
Load factor -- the percentage of available seats filled with
paying customers -- rose to 81.9 percent for the quarter, from
78.7 percent a year earlier.
WestJet reached a record December load factor of 81.9
percent, up from 80.9 percent a year earlier, as traffic
increased 7.2 percent and capacity rose 6 percent.
The airline said it expected its 2013 cost per available
seat mile, or CASM, a measure of airline unit costs, to rise up
to 2 to 3 percent year over year, excluding fuel and employee
profit share costs.
The company said it expected a moderate rise in revenue per
available seat miles, or RASM, and margin expansion in the
WestJet shares, which have gained about 40 percent over the
last six months, closed at C$22.5 on the Toronto Stock Exchange