WestJet Airlines Ltd. (T.WJA) hit a new 52-week high of $25.87 Tuesday. WestJet announced its second-quarter results for 2017, with net earnings of $48.4 million, or $0.41 per fully diluted share, as compared with the net earnings of $36.7 million, or $0.30 per fully diluted share reported in the second quarter of 2016, up 32% and 36.7%, respectively. WestJet achieved its 49th consecutive quarter of profitability and flew a record 5.9 million guests. Based on the trailing 12 months, the airline achieved a return on invested capital of 9.8%, compared with the 10% reported in the previous quarter.
Air Canada (T.AC) hit a new 52-week high of $21.90 Tuesday. Air Canada today reported record second quarter 2017 EBITDAR (earnings before interest, taxes, depreciation, amortization, impairment and aircraft rent) of $670 million compared to the previous record second quarter 2016 EBITDAR of $605 million. The airline reported record second quarter net income of $300 million or $1.08 per diluted share compared to net income of $186 million or $0.66 per diluted share in the second quarter of 2016.
Norbord Inc. (T.OSB) hit a new 52-week high of $44.65 Tuesday. No news announcements today
Gendis Inc. (T.GDS) hit a new 52-week high of $4.30 Tuesday. No news announcements today
