JU101 From Canada, joined Mar 2001, 832 posts, RR: 3 Posted (13 years 1 month 3 days 22 hours ago) and read 2121 times:
I was recently informed that Westjet aircraft do not provide meals, music or television on any of their flights. Can someone confirm this?
Furthermore, do you people think that the Canadian government will provide indirect support for Westjet so that the monopoly of Air Canada over the Canadian civil aviation industry is decreased? What do you see as Westjets future at YYZ?
And finally, do you think Westjet is a worthy airline to invest in these days?
Fallingeese From Canada, joined Apr 2001, 2097 posts, RR: 17
Reply 2, posted (13 years 1 month 3 days 21 hours ago) and read 2102 times:
Westjet is a no frills carrier. The serve drinks and bags of pretzels, which is the same as half the Air Canada flights. Westjet's net worth is around 3 times larger than Air Canada. They have a value of over a billion dollars. Their stock price is at $25, while Air Canada's is at $5. When the goevernment was providing aid for Sept. 11th (This was when MIlton said he would need 4 billion) Beddoe said no thanks to government help. They turned another profit this quarter. The second largest profit in North America.
Westjet's future in YYZ will be a transcontinental base. The Eastern hub is going to stay in YHM due to 40% lower operating costs. The 6 slots in YYX are to be used as flights to YYC 2, YEG 2, YVR 1, and YXX 1. I see Westjet doing very well on these routes.