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WestJet

09:49 AM EST - WestJet : announced its first-quarter results for 2014, with net earnings of $89.3 million, or $0.69 per diluted share. This compares with the net earnings of $91.1 million, or $0.68 per diluted share reported in the first quarter of 2013. Based on the trailing 12 months, the airline achieved a return on invested capital of 13.7%, compared with the 13.9% reported in the previous quarter. These results include pre-tax recoveries of value added taxes of $17.6 million associated with fuel costs and $2.5 million associated with airport costs incurred from 2009 to 2013. WestJet shares T.WJA are trading down $0.25 at $24.72.