Calgary-based WestJet reports an operating profit of C$78.4 million ($72.5 million) for the second quarter of 2014, up 18% from the same period last year.
WestJet, which during the quarter launched its first transatlantic route and announced plans to acquire widebody aircraft, earned a net profit of C$51.8 million during the quarter, up 16% year-over-year.
Revenue rose 10.3% to C$930 million, says the carrier. Operating expenses grew 9.6% to C$852 million.
The airline's second quarter cost per available seat mile (CASM) was 13.76 Canadian cents, up 4.2% from the same period last year, and its revenue per available seat mile (RASM) was 15.02 Canadian cents, up 4.8%.
The airline ends the quarter with roughly C$1 billion in cash and cash equivalents.
WestJet reports a 79.6% load factor during the second quarter, which was in line with the second quarter of 2013, and capacity of 6.2 billion available seat miles, up 5.3% year-over-year.