Category Archives: WestJet

WestJet to fly to Roatán, Honduras

WestJet today announced it will be adding Roatán, Honduras to its Caribbean destinations with its new non-stop seasonal service from Toronto starting December 15.

WestJet today announced it will be adding Roatán, Honduras to its Caribbean destinations with its new non-stop seasonal service from Toronto starting December 15. (CNW Group/WESTJET, an Alberta Partnership)

“With the addition of the snorkelling paradise of Roatán to our network, WestJet guests now have convenient access to 14 Caribbean destinations non-stop from Toronto this winter,” said Arved von zur Muehlen, WestJet Chief Commercial Officer. “Roatán is home to miles of coastline featuring barrier reefs, white sand beaches and turquoise waters and is a bucket list getaway that we can’t wait for our guests to explore starting this December.”

The new service will be operated on WestJet’s Boeing 737 aircraft featuring the airline’s Premium and Economy cabins. Flights are timed to optimize connectivity to WestJet’s Toronto hub and provide for WestJet Rewards accumulation and redemption along with additional benefits for WestJet Rewards top tier members.

Details of WestJet’s service between Toronto and Roatán:

Route

Frequency

Departing

Arriving

Effective

Toronto-
Roatán*

Once weekly

9:30 a.m.

1:11 p.m.

December 15,
2019

Roatán-
Toronto*

Once weekly

2:10 p.m.

7:27 p.m.

December 15,
2019

*Subject to government approval

 

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Canadian Competition Bureau approves WestJet’s proposed transaction with Onex

WestJet has made this announcement:

WestJet Airlines Ltd. has announced that the Canadian Competition Bureau has granted unconditional approval for WestJet’s proposed transaction with Onex Corporation by issuing a no-action letter.

The Arrangement is still subject to other conditions to closing, including receipt of the remaining regulatory approvals.

The transaction is expected to close in the fourth quarter of 2019.

WestJet Link is now giving Cranbrook another hub option

WestJet today announced that its regional airline, WestJet Link, will begin operating nonstop flights between Vancouver and Cranbrook, B.C., on October 27, 2019.

With the addition of Vancouver-Cranbrook, WestJet Link will now operate six routes including Calgary to Cranbrook, Lethbridge, Prince George, Lloydminster and Medicine Hat.

All WestJet Link flights are operated through a capacity purchase agreement with Pacific Coastal by using its fleet of 34-seat SAAB 340B aircraft. Each aircraft includes six seats available in WestJet Premium, offering guests advanced boarding, no-charge for two checked bags and seating at the front of the aircraft.

Details of WestJet Link’s service between Vancouver and Cranbrook:

Route Frequency Departing Arriving Effective
Vancouver-
Cranbrook
Daily 11:45 a.m. 12:25 p.m. October 27,
2019
Cranbrook-
Vancouver
Daily 1:35 p.m. 4:05 p.m. October 27,
2019

 

WestJet reports a significant return to second quarter profitability

WestJet has announced its second quarter results for 2019, with net earnings of $44.3 million, or $0.38 per fully diluted share compared with a net loss of $15.8 million, or $0.14 per fully diluted share reported in the second quarter of 2018.

“We are very pleased with this significant return to second quarter profitability.” said WestJet President & CEO Ed Sims. “I want to acknowledge the remarkable effort of all 14,000 WestJetters who rose to the challenge of delivering this notable improvement in year over year performance and thank all of our guests for their continued loyalty.”

Operating highlights* (stated in Canadian dollars)

Q2 2019 Q2 2018 Change
Net earnings (millions) $44.3 ($15.8) 379.8%
Diluted earnings per share $0.38 ($0.14) 371.4%
Total revenue (millions) $1,212.9 $1,087.6 11.5%
Operating margin 3.5% (0.7%) 4.2 pts.
ASMs (available seat miles) (billions) 8.145 7.922 2.8%
RPMs (revenue passenger miles) (billions) 7.099 6.646 6.8%
Load factor 87.2% 83.9% 3.3 pts.
Segment guests 6,493,802 6,276,226 3.5%
Yield (revenue per revenue passenger mile) (cents) 17.09 16.36 4.5%
RASM (revenue per available seat mile) (cents) 14.89 13.73 8.5%
CASM (cost per available seat mile) (cents) 14.38 13.84 3.9%
Fuel costs per litre (cents) 81 81
CASM, excluding fuel and employee profit share
(cents)*
10.66 10.06 6.0%
*Refer to reconciliations in the accompanying tables for further information regarding calculations.

 

WestJet’s update on the Onex takeover

WestJet made this announcement:

WestJet Airlines Ltd. has announced that at a special meeting held on July 23, its shareholders and option holders overwhelmingly voted to approve its previously announced proposed transaction with Onex Corporation.  Of the votes cast at the Meeting, more than 92.5 percent of shareholders and optionholders who voted were in favour of the proposed transaction.

WestJet and Onex entered into a definitive agreement on May 12, 2019 , for the proposed acquisition of WestJet by Onex under a plan of arrangement, pursuant to which each outstanding share of WestJet will be exchanged for $31.00 in cash subject to the terms and conditions of the Arrangement Agreement, following which WestJet will operate as a privately-held company.

Ed Sims, WestJet’s President and Chief Executive Officer, said, “We are very pleased to obtain overwhelming support from our securityholders at today’s special meeting. Receiving this support is an important step on our path to closing the transaction, and we continue to engage with the necessary authorities on the remaining approvals.”

The total number of shares represented by shareholders present in person and by proxy at the Meeting was 69.2 million, representing approximately 60 per cent of WestJet’s issued and outstanding Common Voting Shares and Variable Voting Shares. The total number of stock options represented by optionholders present in person and by proxy at the Meeting was 3.3 million, representing approximately 54 per cent of WestJet’s issued and outstanding stock options.

Given that the total number of votes cast by or on behalf of holders of WestJet’s Variable Voting Shares at the Meeting exceeded 25 per cent of the total number of votes cast at the Meeting, the results below reflect the fact that the vote attached to each Variable Voting Share has been automatically decreased to equal the maximum vote permitted per Variable Voting Share under WestJet’s amended and restated articles of incorporation, which, in these circumstances was 0.48960, 0.45108 and 0.45272 of a vote per Variable Voting Share for each approval of the Arrangement Resolution (as defined below) noted below, respectively.

Holders of the requisite majorities of shares and options voted in favour of the special resolution to approve the Arrangement, as follows:

Resolution # Votes For % Votes For # Votes Against % Votes Against
Arrangement Resolution(1) 53,200,695 92.53 4,293,311 7.47
Arrangement Resolution
(excluding certain insiders)(2)
48,671,660 91.96 4,252,472 8.04
Arrangement Resolution(3) 48,863,787 91.99 4,252,490 8.01

 

(1) More than 66 2/3 per cent of votes cast by shareholders and optionholders of WestJet, voting together as a single class, present in person or represented by proxy at the Meeting, voted in favour of the Arrangement Resolution, as required by the interim order of the Court of Queen’s Bench of Alberta (the “Court“).
(2) More than 50 per cent of votes cast by shareholders of WestJet, voting together as a single class, present in person or represented by proxy at the Meeting, excluding those shareholders whose votes are required to be excluded pursuant to Section 8.1(2) of Multilateral Instrument 61-101 – Protection of Minority Security Holders in Special Transactions, voted in favour of the Arrangement Resolution, as required by the interim order of the Court.
(3) More than 50 per cent of votes cast by shareholders of WestJet, voting together as a single class, present in person or represented by proxy at the Meeting, voted in favour of the Arrangement Resolution, as required by the TSX.

 

Detailed voting results for the meeting are available under WestJet’s profile on SEDAR at sedar.com.

The Arrangement is still subject to other conditions to closing, including remaining regulatory approvals, and final approval of the Arrangement by the Court of Queen’s Bench of Alberta.

Further information regarding the Arrangement is provided in WestJet’s management information circular dated June 19, 2019 in respect of the Meeting. Assuming the timely receipt of the remaining regulatory approvals and Court approval, the transaction is expected to close in the latter part of 2019.

WestJet announces its winter schedule

WestJet announced increased frequency and improved connectivity from its hubs to more destinations across its network.

WestJet’s seasonal schedule for winter 2019/2020 features more flights from Calgary, Vancouver and Toronto to domestic, transborder, international and sun destinations and includes WestJet’s seasonal service to both Paris and Nashville from Calgary, commencing earlier than past years on March 12 (Paris) and March 16 (Nashville). WestJet’s popular daily summer seasonal service between Calgary and Portland (PDX) will also extend through winter.

For winter, WestJet’s 787-9 Dreamliner will also fly between Calgary and Maui and as previously announced, the airline’s new weekly non-stop service between Victoria International Airport (YYJ) and Los Cabos Mexico International Airport (SJD) begins November 5, 2019 and service between Calgary and Punta Cana, Dominican Republic (PUJ) (below) commences on December 14, 2019.

Highlights of WestJet’s 2019/2020 winter schedule include:

  • Calgary-Halifax, from seven times weekly to 10 times weekly
  • Calgary-London, Gatwick, from three times weekly to four times weekly flights
  • Calgary-Fort Lauderdale, from once weekly to twice weekly
  • Calgary-Honolulu, from two times weekly to three times weekly
  • Calgary-Varadero, from once weekly to twice weekly
  • Calgary-Paris, seasonal service beginning March 12, 2020
  • Calgary-Nashville, seasonal service beginning March 16, 2020
  • Calgary-Portland, extension of daily summer route through winter
  • Calgary-Maui, 787 Dreamliner service
  • Vancouver-Winnipeg, from 13 times weekly to two daily flights
  • Vancouver-Orange County, from six times weekly to daily
  • Vancouver-San Jose del Cabo, from five times weekly to daily
  • Vancouver-Puerto Vallarta, from eight times weekly to nine times weekly
  • Vancouver-Huatulco, from once weekly to twice weekly
  • Vancouver-Cancun, from seven times weekly to nine times weekly
  • Toronto-Fort Myers, from 10 times weekly to 11 times weekly
  • Toronto-Aruba, from twice weekly to three times weekly
  • Toronto-Kingston, from three times weekly to four times weekly
  • Toronto-London, Gatwick, daily service offered on WestJet’s 787 Dreamliner
  • Ottawa-Fort Myers, from once weekly to twice weekly
  • Edmonton-Saskatoon, from 18 times weekly to 23 times weekly
  • Victoria- San Jose Del Cabo, new weekly service beginning November 5, 2019
  • Calgary-Punta Cana, new weekly service beginning December 14, 2019

All photos by WestJet.

WestJet, Delta Air Lines obtain clearance from the Canadian Competition Bureau for transborder joint venture

WestJet and Delta Air Lines today announced that their proposed U.S. – Canada transborder joint venture has received clearance under Canada’s Competition Act from the Canadian Competition Bureau (CCB). The CCB issued a no-action letter confirming that it does not intend to challenge the proposed joint venture agreement between WestJet and Delta Air Lines.

The proposed joint venture between the two airlines is still subject to regulatory approval from the Department of Transportation in the United States.

Upon receipt of all regulatory clearances or approvals the new joint venture will enable Delta and WestJet to deepen their existing partnership with expanded codesharing, reciprocal elite frequent flyer benefits, optimized growth across the U.S.-Canada transborder networks, and co-location at key hubs with initiatives designed to deliver a more seamless guest experience. The partners will also begin implementing joint sales and marketing activities and increase belly cargo cooperation.