Westjet Second Fleet Type

[KAG]

If we do a Q400 operation, I actually hope it's done in house, instead of a CPA with anyone. Some may argue against props, second pay scales, but at some point we have to evolve. And frankly I'd like to avoid anything resembeling the relationship of AC/Jazz.

[Flight 714]

Well said KAG. No need to join the trend of aviation in the US (and AC/ Jazz, Transat/ Canjet) and create a dysfunctional family at Westjet.

[J Roc]

KAG, I'm sure the executives here at WJ don't want a "AC/JAZZ relationship" with the pilots either. I'm sure if we do venture down that path it'll be done in the most Westjetty way possible; with consideration given to all the issues that we pilots hold dear. So that being said, if we are able to protect our best interests, why would we not want a CPA with another airline?

As well, I believe we have evolved, and that the purchase of smaller Q400's is not an evolutionary step. Now a wide body on the other hand...

[Valhalla]

How do you value a business that has never made any money?

Ohh well... should have bought it while that was true.

http://www.theglobeandmail.com/report-o ... le2267483/

[Airbrake]

Already posted the article

[Realitychex]

You can excuse folks for being skeptical......

Porter Airlines Sees Profitable 2009
September 21, 2009
Porter Airlines, a small Canadian regional carrier that has found a way to make money in hard times, expects to stay profitable this year and to keep expanding in 2010, its chief executive said on Monday.

National Post September 22, 2010

Porter Airlines Inc. packed more passengers onto its planes in August compared to a year ago, and for the year to date compared to the same period in 2009, according to monthly traffic figures released for the first time by the airline yesterday.

The Toronto Island-based airline said its load factor -- or average amount of seats filled on its planes -- hit 63.9% in August, up 11.4% points from a year ago, with its traffic improvements of 105% outpacing its sizable capacity increases of 69% during the month.
Year-to-date, Canada's No. 3 airline said its load factor was 52.6%, up 6.1% compared to the first eight months of 2009.

Robert Deluce, Porter chief executive, said the results put the airline in a "very good position" for the remainder of the year. He also said the carrier intended to release its monthly traffic statistics like Air Canada and WestJet Airlines Ltd. from now on in order to "inform the market about Porter's competitive positioning."

Globe and Mail Dec 12 2011

Porter lost $44.5-million between its launch in October, 2006, and the first quarter of 2010. The carrier also lost money during the final nine months of 2010, though it declines to disclose how much...

Until audited numbers are released, Porter's claims of profitability are a little bit like listening to and believing the boy who cried wolf.....

[stickontheice]

I smell another IPO attempt. Rumor has it they did make money this quarter as Deluce ordered the recycling of all the beer cans they had been saving up.

[Rotten Apple #1]

Here he is quoted as saying the period from June 2007 until Sep 2008 was profitable.

Porter Airlines Inc., a Toronto-based carrier that flies only Q400s, has been profitable since June 2007, largely because of the aircraft's low operating costs, Chief Executive Officer Robert Deluce said this month.