Search found 456 matches

by Realitychex
Sat Jun 06, 2020 9:10 pm
Forum: WestJet
Topic: Will Westjet survive?
Replies: 163
Views: 45924

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: 45924

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: 45924

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 t...
by Realitychex
Sat May 23, 2020 12:14 pm
Forum: WestJet
Topic: Will Westjet survive?
Replies: 163
Views: 45924

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: 63612

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: 63612

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: 63612

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: 12497

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: 45924

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: 49791

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: 49791

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: 49791

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: 49791

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: 49791

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: 5764

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: 5764

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: 38315

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: 5764

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 cas...
by Realitychex
Thu Oct 24, 2019 9:36 am
Forum: WestJet
Topic: ONEX plans
Replies: 142
Views: 38315

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...

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