WestJet has reported second quarter net earnings of $44.7 million, or $0.34 per diluted share. Those results compare with the net earnings of $42.5 million, or $0.31 per diluted share reported in the second quarter of 2012. The carrier said that these results include $8.4 million of one-time pre-tax transition costs associated with WestJet’s business transformation initiative. Based on the trailing twelve months, the airline achieved a return on invested capital of 14.4 per cent, up from the 14.3 per cent reported in the previous quarter. Gregg Saretsky, president and CEO of WestJet, said: “We are pleased with another quarter of record earnings and achieving an ROIC of 14.4%, which for the fourth consecutive quarter surpassed our 12% target. We continue to make good progress with our company-wide business transformation initiative and I want to thank WestJetters for their tremendous dedication to the continued success of our airline.” Go to for more.