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Westjet's Profit Up 76%  
User currently offlineDash8King From Canada, joined Nov 2001, 2743 posts, RR: 10
Posted (12 years 2 days 21 hours ago) and read 1143 times:

Here is a report from Robtv.com

http://www.globeinvestor.com/servlet/WireFeedRedirect?cf=GlobeInvestor/config&vg=BigAdVariableGenerator&date=20021031&archive=ccn&slug=Z0126

Congratulations Westjet! Although ASM's are up like 50% and the loadfactor went down to 80% from 81% this is still great news. I think they might take a beating from Zip in the 4th though.

6 replies: All unread, jump to last
 
User currently offlineCaptaingomes From Canada, joined Feb 2001, 6413 posts, RR: 55
Reply 1, posted (12 years 2 days 18 hours ago) and read 1112 times:

Dash8king, I have a feeling Westjet will hardly feel the effect of Zip. If anything, I think Air Canada will hurt more from Zip than Westjet. Expect the numbers to be down for the 4th quarter though, but I highly doubt they will be far off 4th quarter last year.

I wonder how Zip's loads are doing so far?



"it's kind of like an Airbus, it's an engineering marvel, but there's no sense of passion" -- J. Clarkson re: Coxster
User currently offlineJU101 From Canada, joined Mar 2001, 832 posts, RR: 4
Reply 2, posted (12 years 2 days 16 hours ago) and read 1089 times:

This is truely great news, and lets hope Westjet becomes a strong competitor for Air Canada. Has the introduction of Westjet flights to Pearson airport made a positive impact on the airline? From what i can see, YYZ is the real stepping stone for the market in southern Ontario.

User currently offlineDash8King From Canada, joined Nov 2001, 2743 posts, RR: 10
Reply 3, posted (12 years 2 days 14 hours ago) and read 1061 times:

Well Tango is a success so I don't see why Zip won't be and they are direct competition to Westjet. Yes I think 4th quarter will be down. I think AC should have to provide financial info on it's subsidaries.

User currently offlineCaptaingomes From Canada, joined Feb 2001, 6413 posts, RR: 55
Reply 4, posted (12 years 2 days 12 hours ago) and read 1044 times:

If AC had to provide financial info on their subsidiaries, it would tell a very interesting tale. I still wonder if Tango and Zip will help or hinder the bottom line at AC. They are really taking flights away from the mainline with a high cost structure compared to Westjet and Jetsgo. If we had all the info, maybe we would see that Tango is not as good a thing as management leads you to believe.

Will AC have to provide separate financial info for Zip though? From my understanding, it's a separate company, unlike Tango, so maybe AC will have to provide separate financial info for Zip. We'll see in time I suppose.



"it's kind of like an Airbus, it's an engineering marvel, but there's no sense of passion" -- J. Clarkson re: Coxster
User currently offlineDash8King From Canada, joined Nov 2001, 2743 posts, RR: 10
Reply 5, posted (12 years 2 days 2 hours ago) and read 1015 times:

Well AC's loadfactor is like 86% so Tango couldn't be to bad, I agree however that it takes passengers away from mainline though. If it weren't a success then I believe they would have dropped it by now.

User currently offlineMcdougald From , joined Dec 1969, posts, RR:
Reply 6, posted (12 years 2 days 1 hour ago) and read 1015 times:

Westjet will do just fine as long as it continues to be well-managed and maintains its corporate culture.

It has established itself as the market leader among discount carriers. Market leaders are rarely defeated by imitators unless they:

(a.) Throw caution to the winds and get themselves into a sticky situation (e.g., People Express)

(b.) Get complacent and fall too far behind the rest of the industry (e.g., Eaton's)

In any case, it's good news for the industry.


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