BUSINESS
04/09/2014 03:06 EDT | Updated 06/09/2014 05:59 EDT

WestJet CEO Gregg Saretsky Saw Pay Reduced To $3.2 Million In 2013

CP

CALGARY - WestJet (TSX:WJA) chief executive Gregg Saretsky earned nearly $3.2 million last year, down slightly from the nearly $3.5 million he earned in 2012, as the size of his bonus shrunk.

According to regulatory documents filed ahead of airline's annual meeting, WestJet said Saretsky earned a salary of $567,700, share-based awards totalling more than $1.2 million, $454,160 in option-based awards, a cash bonus of $791,000 and $113,540 in other compensation for 2013.

That compared with a salary of $567,700, $1.1 million in share-based awards, $454,160 in option-based awards, a cash bonus of more than $1.2 million and $113,540 in other compensation for 2012.

WestJet earned $268.7 million or $2.03 per share on $3.66 billion in revenue in 2013.

That compared with a profit of $242.4 million or $1.78 per share on $3.43 billion in revenue in 2012.

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