Search found 456 matches

by Realitychex
Sat Jun 06, 2020 9:10 pm
Forum: WestJet
Topic: Will Westjet survive?
Replies: 163
Views: 33449

Re: Will Westjet survive?

rudder wrote:
Mon Jun 01, 2020 2:10 pm
ayseven wrote:
Mon Jun 01, 2020 1:00 pm
The real question should be: "how much legroom and armroom am I going to have now?" I think things are looking up!
Guess how many airlines will survive at 50-66% load factor?

None.
Depends what the yields are.

8)
by Realitychex
Sun May 24, 2020 4:17 pm
Forum: WestJet
Topic: Will Westjet survive?
Replies: 163
Views: 33449

Re: Will Westjet survive?

And where, pray tell, do you think AC is going to be by summer's end?

:roll:
by Realitychex
Sun May 24, 2020 9:58 am
Forum: WestJet
Topic: Will Westjet survive?
Replies: 163
Views: 33449

Re: Will Westjet survive?

GS didn't get to where he is today by saying "woah" when any sector he competed in was in a mud puddle. WS is in much the same position as SW in the US. https://www.bizjournals.com/dallas/news/2020/05/22/southwest-airlines-covid-19.html WS has significantly lower unit costs when compared to their co...
by Realitychex
Sat May 23, 2020 12:14 pm
Forum: WestJet
Topic: Will Westjet survive?
Replies: 163
Views: 33449

Re: Will Westjet survive?

....and if WJ doesn't, (but I have no doubt it will), I know of a few people who've been to the rodeo before 3 or more times who are more than capable of lending their expertise to starting up a new operation that could quickly scale with $165k a month, 189 seat B737-800's that, for you cricket fans...
by Realitychex
Thu Apr 23, 2020 8:04 am
Forum: WestJet
Topic: One List
Replies: 365
Views: 53035

Re: One List

Think beyond the current crisis. I’m sure people figured commercial sea travel was done on April 16th 1912 and there was no future in commercial air travel on May 7th 1937. There was no shortage of experts predicting the permanent decimation of demand for air travel on Sept 12 2001 either. Lo and be...
by Realitychex
Tue Apr 21, 2020 10:27 pm
Forum: WestJet
Topic: One List
Replies: 365
Views: 53035

Re: One List

Genius move. Force the company to spend finite cash retraining pilots to fly aircraft temporarily until this SS is over. The airlines that bounce back to previous operations the fastest will be the ones that were not forced by intransigent unions to expend their most limited resource on idiotic, wa...
by Realitychex
Tue Apr 21, 2020 8:14 am
Forum: WestJet
Topic: One List
Replies: 365
Views: 53035

Re: One List

Genius move. Force the company to spend finite cash retraining pilots to fly aircraft temporarily until this SS is over. The airlines that bounce back to previous operations the fastest will be the ones that were not forced by intransigent unions to expend their most limited resource on idiotic, was...
by Realitychex
Tue Apr 14, 2020 8:49 pm
Forum: General Airline Industry Comments
Topic: Airlines must adapt to survive
Replies: 50
Views: 10998

Re: Airlines must adapt to survive

While nobody can predict what the future holds - there are going to be opportunities on the other side of this. - Large numbers of aircraft available at cheap lease rates - Large numbers of experienced people available - Low fuel prices I'm sure there will be new Airlines starting up to fill demand...
by Realitychex
Fri Apr 03, 2020 8:51 am
Forum: WestJet
Topic: Will Westjet survive?
Replies: 163
Views: 33449

Re: Will Westjet survive?

[*]I’ll put my money on the lowest cost producer in a commodity business, especially one with critical mass, every time. I continue to do so. WJ continues to be a significantly lower cost producer of asm’s than AC. AC will always operate with a “get out of jail free” card. WJ always thrived in times...
by Realitychex
Tue Mar 17, 2020 12:00 pm
Forum: WestJet
Topic: WestJet Group Hiring Freeze
Replies: 177
Views: 40126

Re: WestJet Group Hiring Freeze

WJ made it through a bogus 30 day gov’t imposed, politically motivated.shutdown in Sept 1996, (all they ever found were about 25 minor paperwork issues and the total fine was less than $5k, all a matter of public record) and WJ was the first North American sched carrier back in the air after 9/11. ...
by Realitychex
Mon Mar 16, 2020 7:53 am
Forum: WestJet
Topic: WestJet Group Hiring Freeze
Replies: 177
Views: 40126

Re: WestJet Group Hiring Freeze

Thanks Realitychex, If WestJet were to start up in Dec 2019 funded partly by a US airline tycoon, would they have lasted this crisis? Will any Canadian investor want to back a new ULCC based in YYC in the future? Not sure where you’re going with this one. WJ made it through a bogus 30 day gov’t imp...
by Realitychex
Sat Mar 14, 2020 4:30 pm
Forum: WestJet
Topic: WestJet Group Hiring Freeze
Replies: 177
Views: 40126

Re: WestJet Group Hiring Freeze

If you talk to the powers at be at Onex, they'll tell you they bought WJ at a $4-$7 per share discount to its true value. Onex doesn't over pay for anything. They bought WJ when it was just coming out of a mud puddle and they know it. They'll be furloughs at AC, WJ, AA, Delta, UAL, Alaska, jetBlue, ...
by Realitychex
Sat Mar 14, 2020 2:04 pm
Forum: WestJet
Topic: WestJet Group Hiring Freeze
Replies: 177
Views: 40126

Re: WestJet Group Hiring Freeze

AC had $5.889b in cash, cash equivalents and short term investments at Dec 31 2019. At an average run rate of $47.893m a day, that's 123 days of cash available. WS had an average run rate of $13m a day with cash of about $1.6b, or coincidentally, 123 days of cash available. Both may have credit faci...
by Realitychex
Sat Mar 14, 2020 9:27 am
Forum: WestJet
Topic: WestJet Group Hiring Freeze
Replies: 177
Views: 40126

Re: WestJet Group Hiring Freeze

Anyone who thinks an imminent furlough program at WS is part of some sort of Onex master plan is delusional. WJ's daily expenses are somewhere in the order of $12.5mm, and at last report, they had roughly $1.5b in cash available, or 120 days, (better than AC's$48mm avg daily run rate and 104 day cas...
by Realitychex
Tue Nov 05, 2019 9:30 pm
Forum: Flair Airlines
Topic: Flairs troubles......
Replies: 19
Views: 4832

Re: Flairs troubles......

If they bought them outright and now plan on retiring the lot this quickly, that’s gonna be a nasty accelerated depreciation hit on the books. If they had planned to switch to NG’s this quickly in the program, they should have maintained the operational and financial flexibility of operating leases....
by Realitychex
Tue Oct 29, 2019 7:59 am
Forum: Flair Airlines
Topic: Flairs troubles......
Replies: 19
Views: 4832

Re: Flairs troubles......

Now I'm confused. Doesn't kelowna own flair??? Flair (Flightcraft Air?) was never officially owned by KFC, however JR was the former principal owner. I’m pretty sure BL owns most if not all of the 737-400 fleet and supplies maintenance services and other key flight ops and backroom functions. Outsi...
by Realitychex
Fri Oct 25, 2019 10:01 am
Forum: WestJet
Topic: ONEX plans
Replies: 142
Views: 35855

Re: ONEX plans

I tend to generally agree with Fanblade's assessment of C3000's collapse. C3000 were well on their way to failure long before Tango made an appearance in the market or the impact of 9/11. C3000 tried to leap frog what WJ had built slowly, steadily and organically since late Feb 1996 by cobbling toge...
by Realitychex
Thu Oct 24, 2019 9:53 am
Forum: Flair Airlines
Topic: Flairs troubles......
Replies: 19
Views: 4832

Flairs troubles......

https://globalnews.ca/news/6075195/b-c-supreme-court-kelowna-flightcraft-flair-airlines/ Not a good sign that Flair was in serious arrears over a paltry $50,000 per month dispatch contract during peak summer when they should have been printing cash. I would imagine they're on close to a "no cash, no...
by Realitychex
Thu Oct 24, 2019 9:36 am
Forum: WestJet
Topic: ONEX plans
Replies: 142
Views: 35855

Re: ONEX plans

But realitychex said airline within an airline NEVER works. The airline within an airline concept, operated in the historically traditional manner, has never really worked. They simply cannibalize the mothership’s business, overlapping routes and watering down the brand, which drives the ability to...
by Realitychex
Sun Sep 29, 2019 11:43 am
Forum: WestJet
Topic: Sunwing hires Swoop
Replies: 52
Views: 11634

Re: Sunwing hires Swoop

Memories and timeline history sure fade over time.......... Not sure now load info, without corresponding yield info, acquired by an overactive automated program designed by a bored, under employed computer programmer, over a 9 month window beginning in the fall of 2002 had any bearing on the develo...
by Realitychex
Mon Jun 11, 2018 1:18 pm
Forum: WestJet
Topic: They were going to lock everyone out and shut the doors?
Replies: 81
Views: 14707

Re: They were going to lock everyone out and shut the doors?

Wow. I don't know where to start, but suffice it is to say that your understanding of the bigger picture is severely limited. The goal of WJ is to get bigger and bigger as time goes on and to ensure everyone involved is happy, motivated and rowing in the same direction. Any thoughts that there is so...
by Realitychex
Fri Jun 08, 2018 8:16 am
Forum: WestJet
Topic: They were going to lock everyone out and shut the doors?
Replies: 81
Views: 14707

Re: They were going to lock everyone out and shut the doors?

Not a good time.... Yeah, airlines are doing terrible these days...if we all just flew for nothing then they could really pull through these lean times Who ever said you'd be flying for nothing? You tell me: What sort of T4 - total comp - would you realistically expect to see Captains and FO's earn...
by Realitychex
Thu Jun 07, 2018 8:03 am
Forum: WestJet
Topic: They were going to lock everyone out and shut the doors?
Replies: 81
Views: 14707

Re: They were going to lock everyone out and shut the doors?

Say what you will about CB, but having known him since well before WJ was a glint in anyone’s eye, I’ll 100% guarantee he wasn’t blowing smoke. For better or for worse, he completely dominates the board. What he wants, he gets. Very few of the current pilot group were there, but the precedent was se...
by Realitychex
Sun Apr 15, 2018 1:49 pm
Forum: WestJet
Topic: Everyday at WJ : union busting
Replies: 136
Views: 30458

Re: Everyday at WJ : union busting

Realitychex is just a shill for the remaining founding member. You can rest assured that although 3 of the four founders chat fairly regularly, there has been no dialog beyond pleasantries between those three and the other in a very, very long time. Unfortunately, I don't anticipate that changing a...

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