Tuff times for WJ

Blastor · Post by **Blastor** » Mon Jun 07, 2004 10:04 am

Ingram: WestJet runs into turbulence

MATHEW INGRAM , Globe and Mail Update

By now, investors have grown used to a certain pattern in the financial results of WestJet Airlines, in which the Calgary-based carrier routinely beats estimates for profitability, passenger traffic and so on, month after month and quarter after quarter.

Unfortunately, that pattern ran into a wall with the latest news from the company. WestJet reported that its load factor – that is, the number of seats it filled on its planes – fell significantly in May compared with the same period last year, and the stock was downgraded by several brokerage firms.

Look for exclusive commentary by Mathew Ingram at GlobeInvestorGold

Blastor · Post by **Blastor** » Mon Jun 07, 2004 10:09 am

I wonder why

Resurgence of a stronger and better Air Canada?

Backlash over WJ "across-the-board" sharp increased in fares?

ZIP and JETSGO eating away at Westjet market?

All of the above….

matrix · Post by **matrix** » Tue Jun 08, 2004 9:50 pm

Well, Blastor,

In case you hadn't heard, Zip is finished as of this year. AC is still losing lots of money. Think they're going to be able to match WJs fares and still have a shot at making money?? I doubt it.

Time will tell.

Blastor · Post by **Blastor** » Wed Jun 09, 2004 8:33 am

Jetsgo will eat away at WJ, Air Can will get better and I'm glad that part of my salary isn't in WJ Stock.

WJ got slamed pretty good by the public who refused to pay Air Can fares on WJ flights.

Especially with that kind of fares:

WestJet

WestJet Web Fare $359.00 CAD
Wed, 14 Jul 04
Depart Edmonton, AB (YEG) Connect Calgary, AB (YYC) Arrive Montreal, QC (YUL)

WestJet Web Fare $297.00 CAD
Wed, 28 Jul 04
Depart Montreal, QC (YUL) Connect Winnipeg, MB (YWG) Arrive Edmonton, AB (YEG)

Total Cost of Flight $ 790.02 CAD

JetsGo

Going out
SALE FARE CAN $194.00
Wed 14.07.04
Depart Edmonton (AB) (YEG) through Winnipeg (MB) (YWG)
Through Toronto (ON) (YYZ) Arrive Montreal (QC) (YUL)

Coming back
SALE FARE CAN $194.00
Wed 28.07.04
Depart Montreal (QC) (YUL) connect Toronto (ON) (YYZ)
Through Winnipeg (MB) (YWG) Arrive Edmonton (AB) (YEG)

Total Cost of Flight CAN $ 511.82

Guess who I'll book with

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