CUPE and now CALDA

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rigpiggy
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Re: CUPE and now CALDA

Post by rigpiggy » Tue Aug 14, 2018 11:39 am

Companies get the union they deserve
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accountant
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Re: CUPE and now CALDA

Post by accountant » Tue Aug 14, 2018 4:49 pm

Diadem wrote:
Tue Aug 14, 2018 11:34 am
If the pilots have to stop negotiating every time the company posts a loss, then management will start moving money around to create a loss any time an employee group wants to change their contract. "FAs want a raise? Sorry, we decided to pay off a loan on a Max early, and the company took a loss. Too bad, wait until things get better." It's one quarter, WestJet will survive.
GUess you should stick to flying planes and not dealing with accounting.

Paying off a loan early is a balance sheet item and has zero effect on the profit and loss, unless there were to be a penalty for early payment (worse off), or the more likely scenario.... less interest paid on the loan (better off). It's simply a cash flow issue and would only be done if the return to the company (ie savings) is better to pay off the loan earlier than carrying it for a longer period. (Might be other constraints such as leverage, etc, but you get the point)

If the company posts a loss the market will dig into the underlying financials and figure out the root cause. Analysts tear the statements apart line by line and figure out what's going to stick in future periods (ie, fuel costs) and what's one time impacts (ie lost revenues due to uncertainty)
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FL410AV8R
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Re: CUPE and now CALDA

Post by FL410AV8R » Tue Aug 14, 2018 6:37 pm

It would be really nice if we could see the costs of a certain senior executive's departure and the Swoop startup costs which came from WestJet's bank account since up until June 20th Swoop had no revenue.
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aerobod
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Re: CUPE and now CALDA

Post by aerobod » Tue Aug 14, 2018 8:06 pm

FL410AV8R wrote:
Tue Aug 14, 2018 6:37 pm
It would be really nice if we could see the costs of a certain senior executive's departure and the Swoop startup costs which came from WestJet's bank account since up until June 20th Swoop had no revenue.
Swoop startup was treated as a project which will be capitalized over a period of time (likely 5 years), not in just one quarter, as dictated by IFRS rules. Gregg’s departure will involve a lot of the payment in immediate vesting of already allocated shares (RSUs, PSUs, etc), any cash payment will be in the quarterly report if it was paid in that quarter, as per IFRS accounting rules and reporting requirements, it is unlikely that it would have made a significant difference to the results.

Public companies in Canada that are required to report to IFRS rules have little leeway in what is financially reported and when, it is dictated for them.
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Rezy
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Re: CUPE and now CALDA

Post by Rezy » Thu Aug 16, 2018 8:05 am

aerobod wrote:
Tue Aug 14, 2018 8:06 pm
FL410AV8R wrote:
Tue Aug 14, 2018 6:37 pm
It would be really nice if we could see the costs of a certain senior executive's departure and the Swoop startup costs which came from WestJet's bank account since up until June 20th Swoop had no revenue.
Swoop startup was treated as a project which will be capitalized over a period of time (likely 5 years), not in just one quarter, as dictated by IFRS rules. Gregg’s departure will involve a lot of the payment in immediate vesting of already allocated shares (RSUs, PSUs, etc), any cash payment will be in the quarterly report if it was paid in that quarter, as per IFRS accounting rules and reporting requirements, it is unlikely that it would have made a significant difference to the results.

Public companies in Canada that are required to report to IFRS rules have little leeway in what is financially reported and when, it is dictated for them.
All of employee severance costs are included in the quarterly earnings report. Greg’s severance was reported in Q1.
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BeechjetYKZ
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Re: CUPE and now CALDA

Post by BeechjetYKZ » Thu Aug 16, 2018 9:46 pm

Is this just for the mainline Westjet dispatchers or for the Encore/Swoop groups as well? Do they even have separate dispatchers for the Encore/Swoop flights firstly?
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Go Guns
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Re: CUPE and now CALDA

Post by Go Guns » Fri Aug 17, 2018 1:22 am

WestJet dispatch does Swoop. Encore has their own.
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The Tenth Man
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Re: CUPE and now CALDA

Post by The Tenth Man » Fri Dec 28, 2018 5:10 pm

WeedPro2000 wrote:
Sat Aug 11, 2018 9:11 am
Unions for the win!

https://www.cbc.ca/news/business/tim-ho ... -1.4781644

How’s an arbitrated agreement sounding now?
Huh. Lookee here.

:prayer: :prayer: :prayer: WeedPro2000
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Shady McSly
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Re: CUPE and now CALDA

Post by Shady McSly » Sat Dec 29, 2018 3:26 am

Image
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flyinhigh
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Re: CUPE and now CALDA

Post by flyinhigh » Mon Dec 31, 2018 6:38 am

If Patting yourself on the back is what you need to stroke your ego, feel free.

When your done, its time to grow up.
The Tenth Man wrote:
Fri Dec 28, 2018 5:10 pm
WeedPro2000 wrote:
Sat Aug 11, 2018 9:11 am
Unions for the win!

https://www.cbc.ca/news/business/tim-ho ... -1.4781644

How’s an arbitrated agreement sounding now?
Huh. Lookee here.

:prayer: :prayer: :prayer: WeedPro2000
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