WestJet CFO leaving

po'dcjer · Post by **po'dcjer** » Fri Apr 07, 2006 9:53 am

this westjet forum is boring

gulfan · Post by **gulfan** » Fri Apr 07, 2006 10:43 am

What WestJet forum is better in your opinion then?

Machiavelli · Post by **Machiavelli** » Sat Apr 08, 2006 8:08 pm

What 737mech was trying to illustrate with his formulas was YIELD. He's right in that load factor is not everything. This is gloriously illustrated as Air Canada has had what, 24 consecutive months of record load factors? And yet managed to lose $103,000,000 in the Q4 '05. Therefore, if you put lots of bums in seats but sell those seats too cheap, you still lose money. You have to be able to charge a profitable price and that's yield.

More quarterly results to come in the next few weeks. What's ACE going to sell next to show a profit?

737 Mech · Post by **737 Mech** » Sat Apr 08, 2006 9:09 pm

kevin.snaden wrote:What WestJet forum is better in your opinion then?

When you get a job in this industry you may speak.

And just because you constantly kiss WJ ass this forum does not mean they will give you a job as a FA.............

Rebel · Post by **Rebel** » Sun Apr 09, 2006 5:17 am

Machiavelli wrote:.

What's ACE going to sell next to show a profit?

You're starting to believe your own rhetoric, you must get out more..

Actually it's so funny it's sad that anyone can distort reality to such an extent. Nah politicians and Jetsetters do it all the time

Four1oh · Post by **Four1oh** » Sun Apr 09, 2006 11:02 am

so what's reality then Rebel? Please enlighten us.

CanadaEH · Post by **CanadaEH** » Sun Apr 09, 2006 11:19 am

ACE will post a loss in Q4. I guarantee it.

Four1oh · Post by **Four1oh** » Sun Apr 09, 2006 11:41 am

q1 you mean?

Rebel · Post by **Rebel** » Sun Apr 09, 2006 1:04 pm

CanadaEH wrote:ACE will post a loss in Q4. I guarantee it.

That's the funniest post by you in a long time, too bad some folks missed the irony..

Canus Chinookus · Post by **Canus Chinookus** » Sun Apr 09, 2006 3:27 pm

doing your best to lower the IQ on these forums again, eh Rebel? Nice job, you're a natural.

CanadaEH · Post by **CanadaEH** » Sun Apr 09, 2006 6:11 pm

Sorry I meant Q1. Rebel, you know its true.

Canus Chinookus · Post by **Canus Chinookus** » Sun Apr 09, 2006 8:08 pm

I doubt he knows much.

Rebel · Post by **Rebel** » Mon Apr 10, 2006 3:38 am

Canus Chinookus wrote:doing your best to lower the IQ on these forums again, eh Rebel? Nice job, you're a natural.

Well you know I have to dumb it down for some people..

Rebel · Post by **Rebel** » Mon Apr 10, 2006 3:38 am

CanadaEH wrote:Sorry I meant Q1. Rebel, you know its true.

WS739 · Post by **WS739** » Mon Apr 10, 2006 9:49 am

Good for WJ fillin some serious seats in March...however as Gearup said yield is the true indication, here some numbers for show and tell.

7000 seats X 80% load factor=5600 sold @ $150= $840,000

7000 seats X 60% load factor=4200 sold @ $250= $1,050,000

Now before WJ faithful come out swinging I am not saying the 81% load factor is peanuts in fact they very good numbers, I would also like to know if they included their charters from Transat into the total since the seats are sold as a group and not current prices.....

WOW besides Rebel one of the most stupid posts ive ever read.....Why do you even bother to think you know what your talking about....stick to your 737 work buddy!!!!

And whoever wrote its because of our birthday seat sale....2nd most stupid post ive ever seen.

Why dont you just wait and see.......because obviously you dont know what your talking about!!

737 Mech · Post by **737 Mech** » Mon Apr 10, 2006 1:53 pm

[quote="737Mech"]You can only post "WestJet is awesome" in this forum and you have to say it in a cult like chant.

It's funny everytime I see someone try to post something about WJ that is not ass kissing you get phases like "EAT IT BITCH", "are you kidding me look at are loadfactor", and the the latest 81 818 181818181818181818181818181818181818181818181818181818181................oh sorry .9% quote]

You keep proving my point..........I wasn't putting westjet down I was just trying to show the difference of Loadfactor vs. Yield. 81% loadfactor is a great number if your including charter seats (that were sold a reduced group rate by the way)

Who the hell do you think you are ? You think I just got into this industry and am just blowing numbers out my ass...CanJet's load factor for March was 78% which is pretty good but you don't see me posting it like I just beat the shit outta Mike Tyson.....GROW UP!!

Four1oh · Post by **Four1oh** » Mon Apr 10, 2006 1:55 pm

Hey mech, were can we go to see if your numbers aren't something you aren't pulling out of your butt? CJ doesn't show a load factor any more than it shows it's quarterly earnings.

gulfan · Post by **gulfan** » Mon Apr 10, 2006 2:18 pm

737Mech wrote:
kevin.snaden wrote:What WestJet forum is better in your opinion then?
When you get a job in this industry you may speak

That’s a pretty shitty comment on your part towards an innocent comment like mine.

po'dcjer says "this westjet forum is boring".

I say "What WestJet forum is better in your opinion then?"

Simplified it means that I’m asking him in his opinion what WestJet forum out there is better. Maybe he’s right there’s a better WestJet forum out there, or maybe he’s wrong but your shitty remark was not only uncalled for, but just proves the fact that you’re a troll. You were once an outsider too.

737 Mech · Post by **737 Mech** » Mon Apr 10, 2006 3:40 pm

Four1oh wrote:Hey mech, were can we go to see if your numbers aren't something you aren't pulling out of your butt? CJ doesn't show a load factor any more than it shows it's quarterly earnings.

I don't care if you believe me...you know it doesn't make my real life any better to post lies in a forum about load factor. I'm just making a point that WJ is not the only successful airline in the Canada.

And once again I never started a bashing post I mearly spelled out the difference between yield and load factor...nothing more

737 Mech · Post by **737 Mech** » Mon Apr 10, 2006 3:47 pm

kevin.snaden wrote:
737Mech wrote:
kevin.snaden wrote:What WestJet forum is better in your opinion then?
When you get a job in this industry you may speak
That’s a pretty shitty comment on your part towards an innocent comment like mine.

po'dcjer says "this westjet forum is boring".

I say "What WestJet forum is better in your opinion then?"

Simplified it means that I’m asking him in his opinion what WestJet forum out there is better. Maybe he’s right there’s a better WestJet forum out there, or maybe he’s wrong but your shitty remark was not only uncalled for, but just proves the fact that you’re a troll. You were once an outsider
too.

Like I said I'll give you the time of day when you have some credintials (and FA's don't count) , other than that you are a know it all passenger that thinks he's a aviation expert and the last comment from me to you was just the straw that broke the camels back, I've been reading your comments in this forum and they are getting on my nerves because you have absolutely nothing to back them up with....so stuff it!!

when I was an outsider I didn't post in aviation forums.

CanadaEH · Post by **CanadaEH** » Mon Apr 10, 2006 4:08 pm

You keep proving my point..........I wasn't putting westjet down I was just trying to show the difference of Loadfactor vs. Yield. 81% loadfactor is a great number if your including charter seats (that were sold a reduced group rate by the way)

Load factor isn't the greatest way to measure yield (and profit margins) but it is a good indicator. Since ACE exited CCAA it posted, if my memory is correct, two profitable quarters. It had pretty good profit margins during Q32005 but it has had poor margins every other quarter; all with 'record load factors'. I will give ACE the benefit of also taking a beating by Jetsgo during Q42004-Q22005 much like Westjet did. However, Westjet by comparison has done an good job increasing load factor, revenue, and margins without losing any money (I think a lot of credit can go to Hugh Dunleavy aka Dr Evil for that). Q42005 was a small profit of $1 million but a profit is a profit. In Q32005 Westjet had profit margins that were second only to Southwest and in Q42005 Westjet had the highest margins in North America. I'd imagine we'll be the same if not better for Q12006 while ACE will remain weak.

737 Mech · Post by **737 Mech** » Mon Apr 10, 2006 4:37 pm

WestJet will continue to be the healthiest airline in Canada for years to come due to strong management and low operating costs, they are aggressive in the right areas of the industry such as cutting the biggest cost in the industry everyone has to deal with ....fuel, getting rid of the -200 models faster and adding winglets was a great move by WJ and will pay off in leaps and bounds over the next decade.

Machiavelli · Post by **Machiavelli** » Tue Apr 11, 2006 10:33 am

I thought I'd add this:

Press Release Source: ACE AVIATION HOLDINGS INC.; AIR CANADA - CORPORATE - FINANCIAL

ACE Aviation Holdings Inc. sells 1.75 million shares in US Airways Inc.
Monday April 10, 5:13 pm ET

MONTREAL, April 10 /CNW Telbec/ - ACE Aviation Holdings Inc.(ACE) said today that it has entered into an agreement to sell 1.75 million shares in US Airways Group Inc. (US Airways) to PAR Investment Partners LP.
The net proceeds from the sale transaction will amount to US$67.55 million which represents 90% of ACE's original investment in US Airways of US$75 million in September 2005. ACE still holds 3.25 million shares in US Airways.

Following completion of the transaction which is expected to occur on April 13, 2006, and in accordance with the terms of the original Stockholders Agreement entered into between ACE and US Airways, ACE Chairman, President and CEO Robert Milton will resign from the Board of Directors of US Airways in the near future.

"Our investment in US Airways has proven to be highly successful," said Robert Milton. "Under Doug Parker's leadership, the management team has made tremendous progress in building a strong future for the new US Airways. The carrier is now the fifth largest in the US and we look forward to working in close partnership with Doug and his team to further strengthen Star Alliance's leading position in North America."

US Airways' commercial arrangements with Air Canada Technical Services (ACTS LP) a wholly-owned subsidiary of ACE will continue.

Sorry Rebel. I hate to say I told you so...

Rebel · Post by **Rebel** » Tue Apr 11, 2006 1:22 pm

Machiavelli

Duh sounds like a pretty smart business move to me. Sell 1/3 of your original investment to recover 90% of what you paid for the investment and still retain 2/3 of your original investment to sell for pure profit at a later date. For an added bonus keep the commercial technical services arrangement which is worth in the hundreds of millions of dollars...

tonysoprano · Post by **tonysoprano** » Tue Apr 11, 2006 4:25 pm

Not the first time iether. Years ago we made a killing when we sold our stake in Continental. I guess there are other ways to make money than flying airplanes.