WestJet shoots to be 'one of the top five airlines internationally' by 2016
June 11, 2007, EDT.
JUDY MONCHUK Canadian Press
CALGARY (CP) -
WestJet Airlines Ltd. (TSX:WJA) is looking to spread its wings and be a major global carrier by 2016, the president of the Calgary-based airline said Monday.
"We believe we can be an international player within 10 years," Sean Durfy told shareholders and industry analysts gathered for WestJet's first-ever investor day.
"Our goal is to be one of the top five airlines internationally" by 2016, Durfy added.
WestJet, which has been lauded as a Western Canadian success story over its 11 years, recently added flights into the Bahamas which Durfy says have been very profitable.
"The other guy was flying there for $1,200 return and we flew there for $550 to $600 and we had great load factors and we made wonderful margins," he said, adding that WestJet executives see many more potential international opportunities.
"We haven't even tapped the market," he said.
Durfy said the carrier is also sees huge potential in the expansion of WestJet vacations, bundling air travel with hotel rooms and car rentals. A key destination for bundled vacations is Las Vegas, where WestJet is the largest seat provider from Canada.
Anyone have any idea what there up to? Type of aircraft they are thinking of?