Category Archives: WestJet

WestJet reports fourth quarter and full-year results

WestJet Airlines Boeing 737-8 MAX 8 C-FNAX (msn 60511) YYC (Chris Sands). Image: 940862.

WestJet on February 6, 2018 announced its fourth quarter and year-end results for 2017, with full-year net earnings of $283.6 million, or $2.42 per diluted share. This compares with net earnings of $295.5 million, or $2.45 per diluted share reported in the full-year 2016. The airline achieved its 51st consecutive quarter of profitability, reporting fourth quarter net earnings of $48.5 million, or $0.42 per diluted share compared to $55.2 million, or $0.47 per diluted share reported in the fourth quarter of 2016. For the full-year and in each quarter of 2017, the airline flew a record number of guests. Based on the trailing twelve months, the airline recorded a return on invested capital of 10.0 per cent, down 0.2 percentage points from the 10.2 per cent reported in the previous quarter.

“In 2017, we continued our evolution toward becoming a global airline while flying a record number of guests and achieving our highest annual load factor in our history. We announced an agreement to enter a joint venture with Delta Air Lines, which will give Canadians more access to our low fares and growing network. We also proudly took delivery of Canada’s first Boeing 737 MAX aircraft (above) this fall, and it was in service with high reliability before the busy holiday season,” said WestJet President and CEO Gregg Saretsky. “WestJetters care to the core by safely providing our guests with award-winning and friendly service every day. I thank each of the more than 13,000 WestJetters for their work and dedication this quarter, especially in light of the severe cold and weather-related operational challenges.”

Operating highlights (stated in Canadian dollars)

Q4 2017 Q4 2016 Change Full-year
2017
Full-year
2016
Change
Net earnings (millions) $48.5 $55.2 (12.2%) $283.6 $295.5 (4.0%)
Diluted earnings per share $0.42 $0.47 (10.6%) $2.42 $2.45 (1.2%)
Total revenue (millions) $1,117.4 $1,017.8 9.8% $4,502.3 $4,122.9 9.2%
Operating margin 7.0% 8.4% (1.4 pts) 9.7% 10.7% (1.0 pts)
ASMs (available seat miles) (billions) 7.659 7.253 5.6% 30.998 29.298 5.8%
RPMs (revenue passenger miles) (billions) 6.329 5.816 8.8% 25.904 23.968 8.1%
Load factor 82.6% 80.2% 2.4 pts 83.6% 81.8% 1.8 pts
Segment guests 6,010,069 5,424,052 10.8% 24,137,477 21,951,463 10.0%
Yield (revenue per revenue passenger mile) (cents) 17.66 17.50 0.9% 17.38 17.20 1.0%
RASM (revenue per available seat mile) (cents) 14.59 14.03 4.0% 14.52 14.07 3.2%
CASM (cost per available seat mile) (cents) 13.57 12.86 5.5% 13.11 12.57 4.3%
CASM, excluding fuel and employee profit share (cents)* 10.23 9.87 3.6% 9.89 9.75 1.4%
*Refer to reconciliations in the accompanying tables for further information regarding calculations.

 

Dividend declaration
On February 5, 2018, WestJet’s Board of Directors declared a cash dividend of $0.14 per common voting share and variable voting share for the first quarter of 2018, to be paid on March 30, 2018, to shareholders of record on March 14, 2018. All dividends paid by WestJet are, pursuant to subsection 89(14) of the Income Tax Act, designated as eligible dividends, unless indicated otherwise. An eligible dividend paid to a Canadian resident is entitled to the enhanced dividend tax credit.

Copyright Photo: WestJet Airlines Boeing 737-8 MAX 8 C-FNAX (msn 60511) YYC (Chris Sands). Image: 940862.

WestJet aircraft slide show:

Advertisements

WestJet Link launch is delayed

New livery for Pacific Coastal, new SAAB 340B

WestJet has announced a delay in the launch of WestJet Link, a capacity purchase agreement between WestJet and Pacific Coastal Airlines, to June 2018. The delay comes as Pacific Coastal continues their work in order to be fully able to meet WestJet’s operational requirements.

WestJet Link routes and revised launch dates:

Route Frequency Effective
Calgary – Cranbrook Three times daily June 20, 2018
Calgary – Prince George Once daily June 20, 2018
Calgary – Lethbridge Three times daily June 21, 2018
Calgary – Lloydminster Once daily June 21, 2018
Calgary – Medicine Hat Three times daily June 22, 2018

Pacific Coastal Airlines has entered into a Capacity Purchase Agreement (CPA) with WestJet. Operating under the name WestJet Link, Pacific Coastal Airlines’ aircraft will connect the communities of Lethbridge, Medicine Hat, Cranbrook, Lloydminster and Prince George to WestJet’s hub at the Calgary International Airport.

All WestJet Link flights will be operated by Pacific Coastal using 34-seat Saab 340B aircraft painted in WestJet colors.

Copyright Photo: Pacific Coastal Airlines SAAB 340B C-FPCU (msn 338) YVR (Ton Jochems). Image: 928367.

Pacific Coastal Airlines aircraft slide show:

WestJet expands service from Vancouver

WestJet Airlines Boeing 737-8CT SSWL C-GWSV (msn 37158) (Walt Disney World - Frozen) YVR (Rob Rindt). Image: 934210.

WestJet also announced that it has again enhanced its schedule and connectivity out of its Vancouver hub to key business and leisure destinations in Canada and Mexico, adding 60 more flights weekly.

Details of WestJet’s increased service from Vancouver:

  • An increase of 24 weekly flights between Vancouver and Calgary for a total of 16 times daily, with hourly service in both directions (top of the hour from Vancouver, and bottom of the hour from Calgary).
  • Vancouver-Edmonton from 50 to 59 times weekly (nine times each business day).
  • Vancouver-Calgary, from 88 to 112 times weekly (16 times daily).
  • Vancouver-Kelowna from 40 to 49 times weekly (seven times daily).
  • Vancouver-Ottawa from seven to 14 times weekly (twice daily).
  • Vancouver-Regina from six to seven times weekly (daily).
  • Vancouver-Fort St. John from six to 12 times weekly.
  • Vancouver-Victoria from 33 to 35 times weekly (five times daily).
  • Vancouver-Cancun, from two to three times weekly.
  • Vancouver-Cabo San Lucas from one to two times weekly.

As previously announced, on March 15, WestJet will launch three-time weekly service between Vancouver and Mexico City with the route moving to daily service on April 29.

Copyright Photo: WestJet Airlines Boeing 737-8CT SSWL C-GWSV (msn 37158) (Walt Disney World – Frozen) YVR (Rob Rindt). Image: 934210.

WestJet aircraft slide show:

WestJet to expand at Toronto, will use the MAX 8 to fly from Halifax to both Paris and London

WestJet's first Boeing 737-8 MAX 8

WestJet also announced that it has again enhanced its schedule and connectivity out of its Toronto Pearson hub to key business and tourism destinations in Canada, the U.S. Mexico and the Caribbean, adding 28 more weekly flights.

Details of WestJet’s increased service from Toronto:

  • Toronto-Ottawa, 76 to 85 times weekly (13 times each business day).
  • Toronto-Montreal, from 88 to 93 times weekly (14 times each business day).
  • Toronto-Saskatoon, from 10 to 12 times weekly.
  • Toronto-Victoria, from three to four times weekly.
  • Toronto-Cancun, from nine to 10 times weekly.
  • Toronto-Montego Bay, from 10 to 11 times weekly.
  • Toronto-Nassau, from four to five times weekly.
  • Toronto-Puerto Plata, from two to three times weekly.
  • Toronto-Punta Cana, from five to six times weekly.
  • Toronto-Fort Myers, from four to five times weekly.

This summer, WestJet will operate an average of 128 daily flights from Toronto, reflecting a 25 per cent growth in capacity from its Toronto Pearson hub since 2013.

WestJet also announced that it is again connecting Atlantic Canada to the world by air with daily direct flights between Halifax Stanfield International Airport (YHZ) and Charles de Gaulle Airport (CDG) in Paris and Gatwick Airport (LGW) in London, U.K.

All flights will be operated on the airline’s newest, most efficient and guest-friendly aircraft, the Boeing 737-8 MAX 8 (above).

Starting May 31, WestJet will begin service with daily flights between Halifax and Paris. On April 29, WestJet will begin daily service between Halifax and London (Gatwick). In addition, WestJet will add one flight to Halifax from Calgary for a total of 15 weekly flights.

WestJet currently serves 16 cities from the Halifax International Airport, up from six in 2013, including 10 Canadian, two transborder, one international and three European destinations; at peak summer schedule, the airline will operate more than 25 flights per week. Since 2012, the airline’s traffic from Halifax has grown by more than 160 per cent.

Details of WestJet’s new non-stop service:

Route Frequency Departing Arriving Effective
Halifax – Paris Daily 10:55 p.m. 10 a.m. +1 May 31, 2018
Paris – Halifax Daily 11:20 a.m. 1:35 p.m. June 1, 2018
Halifax – London (Gatwick) Daily 10:35 p.m. 8:21 a.m. +1 April 29, 2018
London (Gatwick) – Halifax Daily 9:50 a.m. 1 p.m. April 30, 2018

One-way fares are available starting from:

Departing Arriving Air transportation charges (ATC) Taxes,
fees and
charges
Total one-
way price
from
Base fare from Other ATC
Halifax Paris $133 $7.50 $58.11 $199 CAD*
Halifax London (Gatwick) $133 $7.50 $58.11 $199 CAD*

*Book by February 5, 2018 (11:59 p.m. MT) for travel on Mondays, Tuesdays and Wednesdays between May 31 and October 27, 2018. Blackout dates apply.

Top Copyright Photo: WestJet Airlines Boeing 737-8 MAX 8 C-FRAX (msn 60510) YYZ (TMK Photography). Image: 939575.

WestJet aircraft slide show:

WestJet enhances its Calgary and Edmonton schedule

WestJet Airlines Boeing 737-8CT SSWL C-GKWA (msn 39089) YVR (Steve Bailey). Image: 936502.

WestJet on January 29, 2018 announced that it has again enhanced its schedule and connectivity out of its Calgary hub to key business and tourism destinations in Canada and the U.S., adding 72 more weekly flights. WestJet already offers more flights to more destinations from Calgary than any other airline, and these flight additions once again make YYC its largest hub.

Details of WestJet’s increased service from Calgary:

  • Calgary-Vancouver, from 88 to 112 times weekly (16 times daily), with hourly service in both directions (top of the hour from Vancouver, and bottom of the hour from Calgary).
  • Calgary-Nanaimo, from two to three times daily.
  • Calgary-Edmonton, from 66 to 79 times weekly (12 times each business day).
  • Calgary-Halifax, from 14 to 15 times weekly.
  • Calgary-Kelowna, from 45 to 47 times weekly (seven times each business day).
  • Calgary-Fort McMurray, 24 to 31 times weekly (five times each business day).
  • Calgary-Windsor, from six to seven times weekly (one time daily)
  • Calgary-Grande Prairie from 18 to 26 times weekly (4 times each business day)
  • Calgary-Montreal, from 19 to 20 times weekly.
  • Calgary-Abbotsford, from 33 to 35 times weekly (five times daily).
  • Calgary-Penticton, from 10 to 14 times weekly (two times daily).
  • Calgary-Victoria, from 35 to 36 times weekly (five times daily).
  • Calgary-Dallas/Ft. Worth, from six weekly to seven weekly (one time daily).
  • Calgary-Las Vegas, from 20 to 22 weekly.
  • Calgary-Palm Springs, from four to five weekly.

WestJet will begin serving Denver International Airport daily from Calgary International Airport starting March 8 and will launch four-time weekly service between Calgary and Mexico City on March 14. Service becomes daily starting April 29.

This summer, WestJet will operate an average of 137 daily flights from Calgary International Airport or five departures an hour on average. In the past 10 years, WestJet has increased capacity out of YYC by 48 per cent and accounts for 53 per cent of the seat capacity out of the city.

In addition to the above increases in Calgary, highlights of WestJet’s 2018 summer schedule include:

  • New nonstop daily service from Halifax to Paris and London (Gatwick).
  • The addition of almost 200 flights to WestJet’s hubs including 60 to Vancouver, 72 to Calgary and 28 to Toronto.
  • New nonstop four-time weekly service between Calgary and Whitehorse.
  • Additional flights from Edmonton to a number of transborder and domestic destinations including Las Vegas, Los Angeles, Kelowna, Fort McMurray and Saskatoon.
  • Additional flights from Toronto to a number of sun destinations including Cancun, Montego Bay, Nassau, Puerto Plata, Punta Cana and Fort Myers.
  • Additional flights from Toronto to a number of Canadian destinations including Ottawa, Montreal, Saskatoon and Victoria.
  • An increase of nine new weekly flights between Toronto and Ottawa for a total of 13 times daily.
  • An increase of nine weekly flights between Toronto and Montreal for a total of 14 times daily.

This summer, WestJet will operate an average of 765 daily flights to 92 destinations including 43 in Canada, 22 in the United States, 23 in Mexico, the Caribbean and Central America, and four in Europe.

WestJet also announced that it has again enhanced its schedule and connectivity out of Edmonton International Airport (EIA) to key business and leisure destinations in Canada and the U.S., adding 23 weekly flights.

Details of WestJet’s increased service from Edmonton:

  • Edmonton-Calgary, from 77 to 86 times weekly (12 times each business day).
  • Edmonton-Vancouver, from 49 to 58 times weekly (nine times each business day).
  • Edmonton-Kelowna, from 48 to 49 times weekly (seven times daily).
  • Edmonton-Fort McMurray, from 24 to 25 times weekly.
  • Edmonton-Saskatoon, from 19 to 20 times weekly.
  • Edmonton-Las Vegas, from 10 to 11 times weekly.
  • Edmonton-Los Angeles from six to seven times weekly (once daily).

This summer, WestJet will operate an average of 62 daily flights from Edmonton International Airport. In the past 10 years, WestJet has increased capacity out of EIA by 52 per cent and now accounts for 73 per cent of the capacity out of the city, measured in available seat miles.

 

Copyright Photo: WestJet Airlines Boeing 737-8CT SSWL C-GKWA (msn 39089) YVR (Steve Bailey). Image: 936502.

WestJet aircraft slide show:

WestJet moves its Whitehorse service to Calgary

WestJet Airlines Boeing 737-76N WL C-GLWS (msn 32581) YYC (Ton Jochems). Image: 928299.

WestJet on January 25 announced that it will move its nonstop seasonal service between Whitehorse and Vancouver to Calgary International Airport (YYC), effective June 29, 2018. For the first time, flights between Whitehorse and Calgary will be available for purchase as of January 29, 2018.

“WestJet has been serving Whitehorse with seasonal summer service to Vancouver since 2012,” said Brian Znotins, WestJet Vice-President, Network Planning, Alliances and Corporate Development. “As we continue to expand our Calgary hub, it makes sense to move the service from Vancouver to Calgary to offer residents of Whitehorse more destinations via YYC Calgary International Airport. This is also an opportunity for residents to fly non-stop to Calgary, and this summer will also see an increase to our seasonal service from three times weekly to four times weekly.”

WestJet offers 31 nonstop routes from Vancouver and 52 nonstop routes from Calgary.

Details of WestJet’s new nonstop seasonal service between Whitehorse and Calgary:

Route Frequency Departing Arriving Effective
Whitehorse – Calgary Four times weekly 6 a.m. 9:32 a.m. June 30, 2018
Calgary – Whitehorse Four times weekly 9:45 p.m. 11:26 p.m. June 29, 2018

The service is part of the airline’s seasonal schedule for the summer of 2018, full details of which will be released January 29, 2018.

Copyright Photo: WestJet Airlines Boeing 737-76N WL C-GLWS (msn 32581) YYC (Ton Jochems). Image: 928299.

WestJet aircraft slide show:

WestJet and Sunwing Boeing 737-800s collide on the ground at Toronto

WestJet Airlines and Sunwing Airlines Boeing 737-800s collided on the ramp at Toronto Pearson International Airport on Friday night, January 5, 2018.

WestJet flight WS 2425, a Boeing 737-800 (C-GKWJ), was taxiing to the gate and was stationary on the taxiway near the gate when a Sunwing Boeing 737-800 (C-FPRP) was being pushed back from gate A14 at Terminal 3.

While being pushed back, the APU of C-FPRP struck the wing tip of C-FDMB. A fire broke out in the APU and the wingtip of C-GKWJ. The crew of the WestJet 737 decided to evacuate the aircraft on the taxiway. The fire was quickly extinquished. There was one reported injury.

WestJet made this announcement:

WestJet has confirmed that WS 2425, a Boeing 737-800 with 168 guests and six crew onboard, inbound from Cancun to Toronto Pearson, while waiting to proceed to the gate and stationary, was struck by a Sunwing aircraft pushing back from the gate.

Sunwing made this announcement:

There were no Sunwing crew or passengers onboard at the time of the incident. We are awaiting further information from Swissport and will provide more details as they become available.

Social media photos.

Videos: