JU101
Topic Author
Posts: 831
Joined: Sun Mar 25, 2001 1:57 am

Questions On The Future Of Westjet

Fri Feb 01, 2002 8:49 am

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?
 
Dash8King
Posts: 2658
Joined: Wed Nov 21, 2001 8:45 am

RE: Questions On The Future Of Westjet

Fri Feb 01, 2002 8:52 am

Yes they are no-frills and that doesn't bug me one bit. I bring my music and my food and that way I know I like what I am getting.

I would not invest with them right now however as they are something like 13 times the p/e ratio but they have a promising future. I think they currently trade at 25 bucks or around there.
 
fallingeese
Posts: 2031
Joined: Sat Apr 28, 2001 2:33 pm

RE: Questions On The Future Of Westjet

Fri Feb 01, 2002 9:37 am

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.

Westjet has a great future ahead of it.
Mark McWhirter...Contrails Photography
 
JU101
Topic Author
Posts: 831
Joined: Sun Mar 25, 2001 1:57 am

RE: Questions On The Future Of Westjet

Sat Feb 02, 2002 10:11 am

Thanks for the information.

Does Westjet have any plans in opening its services to USA?

In the long run, Westjet should consider tapping into the long range market, particularly linking Canada with Asia.

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