Tag Archives: WestJet Airlines

Delta and WestJet agree to form a joint venture

Delta Air Lines Boeing 737-832 WL N3751B (msn 30491) JFK (Jay Selman). Image: 402430.

Delta Air Lines and WestJet have agreed to deepen their existing partnership by entering into a comprehensive transborder joint venture that will increase travel choices between the U.S. and Canada.

The airlines have entered into a preliminary memorandum of understanding regarding their intention to deepen their existing partnership to form a commercial joint venture arrangement, which will offer customers access to an extensive transborder route network, world-class airline products, enhanced frequent flyer benefits, shared airport facilities and amenities, and a more seamless travel experience.

Highlights of the planned joint venture arrangement, subject to board approvals, execution of definitive agreements and applicable regulatory approvals, in the United States and Canada, include:

  • Coordinated flight schedules for new nonstop flights to new destinations, expanded codesharing, and seamless and convenient connections on the airlines’ extensive networks in the U.S. and Canada.
  • Enhanced frequent flyer benefits including reciprocal benefits for top-tier members of both airlines.

 

WestJet Boeing 767 Plus Cabin

Delta has a 25-year track record of partnering closely with airlines around the globe, beginning with the first successful trans-Atlantic partnership, when Northwest and KLM launched their joint venture in 1993. With this agreement, Delta will have eight partnerships with leading carriers in the world’s biggest aviation segments spanning Europe, Latin America, Asia, Australia and Canada. Through deep relationships and immunized joint ventures, Delta has successfully achieved many benefits of cross-border cooperation for its customers.

WestJet, Canada’s second-largest airline, currently has 45 airline partners providing access to more than 175 destinations in more than 20 countries. 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.

Top Copyright Photo: Delta Air Lines Boeing 737-832 WL N3751B (msn 30491) JFK (Jay Selman). Image: 402430.

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Bottom Copyright Photo: WestJet Airlines Boeing 737-8CT SSWL C-FBWI (msn 39090) PAE (Nick Dean). Image: 937235.

WestJet Airlines Boeing 737-8CT SSWL C-FBWI (msn 39090) PAE (Nick Dean). Image: 937235.

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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.

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 announces two new routes

WestJet announces two new routes

WestJet has announced new flights from Edmonton, AB, to Hamilton, ON, and Winnipeg, MB, to Kelowna, BC. Flights are available for sale as of Monday June 27, 2016 , with service commencing July 28, 2016.

WestJet also announced enhanced schedules between Vancouver and Winnipeg, and Edmonton and Vancouver. Starting July 28 through September 6, 2016, flights operating between Vancouver and Winnipeg will operate 24 times weekly. Flights between Edmonton and Vancouver will operate 54 times weekly. These new flights offer greater flexibility and more options during the peak summer travel period.

Flights will be operated on WestJet’s Boeing 737 aircraft.

Copyright Photo: WestJet Airlines Boeing 737-8CT WL C-GJWS (msn 34152) SFO (Mark Durbin). Image: 903098.

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WestJet’s first Boeing 767-300 arrives today in Calgary with a new logo

WestJet 767-300 WL (15)(Grd)(WestJet)(LR)

WestJet (Calgary) today (August 27) ushers in a new era in the airline’s 19-year history with the arrival early this morning of the first of four Boeing 767-300 extended range aircraft, allowing the airline to begin serving Europe and other regions of the world from Canada on a non-stop basis. Inaugural wide-body flights will begin in early September.

WestJet 767-300 WL (15)(Flt)(WestJet)(LR)

Featuring a new teal and blue maple leaf-themed logo (above) that will eventually appear on all WestJet aircraft, the airline’s 767s seat 262 guests and have a range of approximately 11 hours.

WestJet 767-300 Cabin (WestJet)(LR)

The aircraft will include a Plus cabin with 24 premium seats in a two-by-two configuration, hot meals and all of the other amenities associated with Plus (above). The main cabin has 238 seats, with two seats on either side of the aircraft and three in the middle. By next spring all four 767s will be equipped with WestJet Connect, the airline’s new inflight entertainment and wireless connectivity system.

The four aircraft will arrive separately over the next eight months. The aircraft that arrives today will begin service in September and operate flights between Toronto and Calgary for the next several months. With the arrival of two additional wide-bodies this fall, the 767s will be flying from Alberta to Hawaii and between Toronto and Montego Bay, Jamaica beginning in December. The fourth and final aircraft will arrive next spring just prior to the launch of WestJet’s new service to London (Gatwick) in May 2016.

Following discussions over the summer with airports across the country, the airline will announce the Canadian cities from which it will operate its summer schedule, including to London, in mid-September.

Images: WestJet.

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WestJet reports record second quarter net earnings

WestJet (Calgary) today announced its second quarter results for 2015, with net earnings of $61.6 million (all amounts in Canadian dollars) ($47.3 million US), or $0.49 per fully diluted share, as compared with the net earnings of $51.8 million, or $0.40 per fully diluted share reported in the second quarter of 2014.

The airline continued:

WestJet logo

WestJet achieved an on-time performance rate of 91.3 percent in the second quarter, a year-over-year improvement of 6.8 percentage points, placing WestJet as the top performing North American airline during the quarter. Based on the trailing twelve months, the airline achieved a return on invested capital of 16.0 per cent, up 0.2 percentage points from the 15.8 per cent reported in the previous quarter.

“I would like to congratulate our more than 10,000 WestJetters on these exceptional second quarter results which marked our 5th quarter of consecutive record adjusted net earnings,” said WestJet President and CEO Gregg Saretsky. “The second quarter is historically our most challenging quarter as capacity is transitioned from southern to domestic markets, so it is particularly rewarding to turn in a double digit margin this quarter. With another quarter of record earnings, and after having exceeded our ROIC target for 12 consecutive quarters, we are pleased to announce that we are increasing our target to 13 to 16 per cent, while continuing our commitment to our brand of friendly, caring service and affordable fares.”

WestJet 2Q15 Results Table

On July 27, 2015, WestJet’s Board of Directors declared a cash dividend of $0.14 per common voting share and variable voting share for the third quarter of 2015, to be paid on September 30, 2015, to shareholders of record on September 16, 2015. 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.

In other news, WestJet today announced it has begun rolling out its new inflight entertainment system featuring wireless Internet connectivity and more than 450 movies and television programs. Called WestJet Connect, the system will be activated on all of WestJet’s Boeing 767-300 ER aircraft and more than 30 percent of WestJet’s Boeing Next-Generation 737 aircraft by end of 2015, with installations on the majority of the 737 fleet expected to be completed in 2016.

Mobile devices and tablets using either iOS or Android operating systems will need the latest version of the WestJet app prior to boarding. Guests will also be able to access WestJet Connect using their laptops. Tablet rentals will be available on flights longer than three hours and 20 minutes for guests who do not have their own device. The WestJet app will take guests to the WestJet Connect home page where they can begin accessing content. Seats on WestJet Connect-equipped aircraft have 110-volt and/or USB power outlets, allowing guests the opportunity to charge or power their devices.

At launch, WestJet Connect will feature 85 movies and 329 TV programs, including expanded content in French. Content will be refreshed on a monthly basis and will be offered at no charge for an introductory period. The system’s Internet connectivity will be available at an introductory price of $7.99 plus applicable taxes for the duration of each flight.

Once installation is complete, WestJet Connect will be available on all WestJet flights operated on Boeing Next-Generation 737s or 767-300 ER aircraft.

Copyright Photo: TMK Photography/AirlinersGallery.com. WestJet Airlines’ Boeing 737-8CT WL C-GWSZ (msn 37092) in the special Walt Disney World – Magic Plane scheme arrives at Toronto (Pearson).

WestJet aircraft slide show: AG Airline Slide Show

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WestJet reports record first quarter net earnings of C$140.7 million

WestJet (Calgary) today announced its first quarter results for 2015, with record net earnings of $140.7 million (all amounts in Canadian dollars), or $1.09 per diluted share. This compares with the net earnings of $89.3 million, or $0.69 per diluted share reported in the first quarter of 2014, up 57.6 per cent and 58.0 per cent, respectively. WestJet achieved an on-time performance rate of 78.0 per cent in the first quarter, a year-over-year improvement of 10.1 percentage points. Based on the trailing twelve months, the airline achieved a return on invested capital of 15.8 per cent, compared with the 14.3 per cent reported in the previous quarter.

Copyright Photo: Michael B. Ing/AirlinersGallery.com. Boeing 737-8CT C-GJWS (msn 34152) approaches the runway at Los Angeles International Airport.

WestJet aircraft slide show: AG Airline Slide Show

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