Tag Archives: msn 60510

WestJet, Air France and KLM launch reciprocal frequent flyer redemption

WestJet's first Boeing 737-8 MAX 8

WestJet, Air France and KLM on November 15, 2017 announced the redemption phase of their reciprocal frequent flyer agreement. Flying Blue Miles can now be redeemed for WestJet flights and WestJet dollars can now be redeemed for flights within the Air France and KLM global network.

The announcement comes on the heels of the airlines’ successful launch of the earn phase of the reciprocal frequent flyer agreement and further complements their long-standing code share cooperation.

Members of WestJet Rewards can now redeem WestJet dollars on Air France-KLM destinations in Europe, Africa, Asia and the Middle East. Members of Air France-KLM’s Flying Blue program can now redeem their Flying Blue Miles to WestJet destinations throughout Canada, the U.S., Mexico, the Caribbean and Central America.

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

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WestJet reports record third quarter net earnings of $138.4 million, up 19 percent

WestJet's first Boeing 737-8 MAX 8

WestJet on October 31, 2017 announced its third quarter results for 2017, with record net earnings of $138.4 million, or $1.18 per fully diluted share, as compared with the net earnings of $116.0 million, or $0.97 per fully diluted share reported in the third quarter of 2016, up 19.4 per cent and 21.6 per cent, respectively. WestJet achieved its 50th consecutive quarter of profitability and flew an all-time quarterly record of 6.5 million guests. Based on the trailing twelve months, the airline achieved a return on invested capital of 10.2 per cent, up compared to the 9.8 per cent reported in the previous quarter.

“Today we reported our 50th consecutive profitable quarter, which included record earnings, margin expansion, positive year over year RASM growth, and improved return on invested capital, as we achieved the highest ever quarterly load factor in our 21-year history and flew an all-time quarterly record number of guests. Our business fundamentals continue to strengthen, which combined with new strategic initiatives, including the launching of Swoop in the summer of 2018 and Boeing Dreamliner service starting in 2019, gives us great confidence in our ability to deliver sustainable profitable growth and earnings expansion,” said WestJet President and CEO Gregg Saretsky. “I want to thank our more than 13,000 WestJetters for their dedication and energy in delivering our award-winning brand of friendly caring service, and I especially look forward to celebrating our success at the November profit share event.”

Operating highlights (stated in Canadian dollars)

Q3 2017 Q3 2016 Change Year-to-date 2017 Year-to-date 2016 Change
Net earnings (millions) $138.4 $116.0 19.4% $235.1 $240.3 (2.1%)
Diluted earnings per share $1.18 $0.97 21.6% $2.00 $1.98 1.0%
Total revenue (millions) $1,215.6 $1,124.3 8.1% $3,384.9 $3,105.1 9.0%
Operating margin 16.6% 15.1% 1.5 pts 10.7% 11.4% (0.7 pts)
ASMs (available seat miles) (billions) 8.077 7.635 5.8% 23.339 22.045 5.9%
RPMs (revenue passenger miles) (billions) 6.922 6.414 7.9% 19.575 18.152 7.8%
Load factor 85.7% 84.0% 1.7 pts 83.9% 82.3% 1.6 pts
Segment guests 6,530,873 5,900,967 10.7% 18,127,408 16,527,411 9.7%
Yield (revenue per revenue passenger mile) (cents) 17.56 17.53 0.2% 17.29 17.11 1.1%
RASM (revenue per available seat mile) (cents) 15.05 14.73 2.2% 14.50 14.09 2.9%
CASM (cost per available seat mile) (cents) 12.55 12.50 0.4% 12.96 12.48 3.8%
Fuel costs per litre (cents) 62 57 8.8% 63 53 18.9%
CASM, excluding fuel and employee profit share (cents)* 9.26 9.38 (1.3%) 9.78 9.72 0.6%
 *Refer to reconciliations in the accompanying tables for further information regarding calculations.

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

 

 

WestJet officially unveils Canada’s first Boeing 737-8 MAX 8

The Boeing 737-8 MAX 8 for WestJet, delivered on September 29, 2017

WestJet on October 11, 2017 officially unveiled its first Boeing 737-8 MAX 8 aircraft, one of 50 scheduled for delivery in the next four years.

“We are proud to make history as the first Canadian airline to receive the Boeing 737 MAX,” said Ed Sims, WestJet Executive Vice-President, Commercial. “The MAX’s design updates, including Boeing’s Advanced Technology winglets and the Boeing Sky Interior, will contribute to improvements in fuel efficiency and overall guest experience. We look forward to welcoming guests on board our sleek new aircraft along with our signature caring, people-driven service.”

“We worked closely with WestJet to make sure the 737 MAX raises the bar when it comes to efficiency, reliability and the passenger experience,” said Brad McMullen, Boeing’s Vice-President of Sales for the Americas. “This is a great airplane for a great customer, and we’re excited to see WestJet put the MAX into service.”

The aircraft, which has been at WestJet’s Calgary hangar since September 29 for inspections, training and test flights, is the first of 50 Boeing 737 Max scheduled to be delivered through 2027. The aircraft is expected to officially enter service on November 9, 2017, when it operates from Calgary to Toronto (Pearson).

The Boeing 737 MAX is powered by CFM International’s LEAP-1B engines, designed for fuel efficiency and noise reduction. Overall, the aircraft is 14 per cent more fuel-efficient than current 737 Next-Generations and have a reduced operational noise footprint of up to 40 per cent through quiet-engine technology.

WestJet’s 737 MAX 8 aircraft feature a single cabin with 174 seats. Its seating configuration consists of three rows of Plus in addition to 11 more rows with a seat pitch of 34 inches. Further enhancing WestJet’s guest experience, the aircraft comes with Boeing’s new Sky Interior which has features such as customizable LED lighting and new speakers to improve sound and clarity of onboard announcements.

WestJet’s current fleet consists of 117 Boeing Next-Generation 737s, four Boeing 767s and 42 Bombardier Q400 NextGen aircraft. WestJet has also entered into a definitive purchase agreement for 10 Boeing 787-9 Dreamliners with the first aircraft expected to be delivered in January 2019. With one of the youngest fleets in the airline industry, WestJet continues its global growth while controlling operating costs and providing an award-winning guest experience.

Copyright Photo: WestJet Airlines Boeing 737-8 MAX 8 C-FRAX (msn 60510) BFI (Joe G. Walker). Image: 939453.