West Atlantic AB (publ): Financial Interim Report January - September 2014, published

Continued  expansion in the B737 segment with  a 21 percent growth in revenue Q3
year-on-year

July - September in brief
  * Revenue TSEK 330 940 (272 679)
  * Performed flights 6 822 (6 056)
  * EBITDA TSEK 44 033 (42 661)
  * Income before tax TSEK 3 526 (1 450)
  * Net income for the period TSEK 1 409 (1 917)
  * Earnings per share SEK 0,05 (0,07)
  * Cash flow from operating activities TSEK 54 492 (22 846)

Comments by the CEO
"West Atlantic's third quarter performance resulted in an income before tax of
TSEK 3 526 (1 450) and an EBITDA of TSEK 44 033 (42 661). The cash flow from
operating activities amounted to TSEK 54 492 (22 846), indicating a continuously
solid operational performance. The Group's financial position remains basically
unchanged and planned investments in the aircraft fleet will continue during
2014 and 2015.

Revenue  for the quarter  increased by 21 per  cent Q3 year-on-year indicating a
continued  solid growth for the Group. The increase in revenue derives primarily
from additional B737 operations.

Operational  factors reported during Q2 continued to reduce profitability during
Q3  compared to the  corresponding period in  2013. The most notable still being
the  introduction issues  with the  B737-400 aircraft type.  This, combined with
delivery issues with the first aircraft, left it grounded for the period April -
September.  Due to this situation and  to meet its contractual commitments, West
Atlantic  was forced to  subcharter capacity from  other operators. However, the
aircraft  is now deployed in the EU network and an increase in contribution from
this  operation is expected  going forward. The  delayed start of B767 operation
has further contributed to lower overall profitability.

The  aircraft  fleet  expanded  with  one  B737-300, delivered in September. The
aircraft  will primarily be deployed for  peak and ad-hoc charter operations but
will also be utilised as a spare aircraft for heavy maintenance as West Atlantic
has reached a sizeable fleet in the B737 segment.

In scheduled air cargo traffic, the Group looks forward to the peak season of Q4
and  has further secured  additional short-term holiday  peak operations for the
existing  fleet. Combined with the deployment of the B737-400, the final quarter
of  2014 should reflect an  increase in fleet  utilisation and profitability for
the period." - says Gustaf Thureborn, CEO & Group president.


West Atlantic traffic statistics Q3, 2014

                                2014              2013
                                           |
                                 Q3     YTD|       Q3     YTD
                                           |
                          Jul - Sep Jan-Sep|Jul - Sep Jan-Sep
-------------------------------------------+-----------------
 Performed flights            6 822  19 387|    6 056  17 623
                                           |
 Regularity (target >99%)     98,4%  98,9 %|    98,7%   99,2%
                                           |
 Number of hours flown        7 012  20 205|    6 692  19 354
                                           |
 Scheduled destinations          49      49|       42      42




West Atlantic financial calendar for fiscal year 2014
Interim  report Q4  (October -  December)
February 26(th), 2015
Annual  report 2014 (January  - December)
April 28(th), 2015



All  reports are available in  Swedish and English and  can be found on the West
Atlantic   webpage.   The   reports  can  also  be  ordered  electronically  via
investor.relations@westatlantic.eu.


Gothenburg 2014-11-27


Gustaf Thureborn
CEO and president


West  Atlantic  discloses  the  information  contained  in  this  interim report
pursuant  to  the  Swedish  Securities  Market  Act and/or the Swedish Financial
Instrument Trading Act.


Contact
For further information please contact:
West Atlantic AB (publ)
CEO Gustaf Thureborn
Telephone: +46 10 - 452 95 07 E-mail: gustaf.thureborn@westatlantic.eu

About West Atlantic Group

West Atlantic Group is a European dedicated cargo airline specialised in mail
and express freight. Developing from many years' experience the Group can offer
its customers customised efficient solutions for airfreight services,
maintenance and airworthiness services and aircraft leasing.

West Atlantic AB (publ) Org. no: 556503-6083
Box 5433, SE-402 29 Gothenburg, Sweden
Phone: +46 (0) 10 - 452 95 00
Contact Email: info@westatlantic.eu
Investor Relations: investor.relations@westatlantic.eu
Webpage: www.westatlantic.eu




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