WestJet Airlines WJA-T Last Trade:Aug 29, 2005 10:19 EST
Last: C$ 11.05 Net Change: C$ -0.450 % Change: -3.91%
$10.00 ?
Moderators: sky's the limit, sepia, Sulako, lilfssister, North Shore, I WAS Birddog
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Flightlevels
- Rank 7
- Posts: 703
- Joined: Sun Feb 29, 2004 7:16 pm
Tottally tied to oil from here on...no surprise with oil hitting $70 bucks today. Ace down over 2% as well, if the price of oil keeps going, sure we will hit 10 bucks....just isn't the time to sell stock that's all this means. My personal market vs book value are still in good check so I'm still happy. As are the fundimentals of WJ still healthy... we made a good deal of cash this summer...Aug. numbers will be out next week.just wish we hedged at 20 something a couple of years ago. 
Finally, CanJet states that since commencing its Hamilton scheduled service on April 19, 2004, the weekly load factors have been low even during the peak summer period. Also, CanJet experienced financial loss during the past 12 months and future bookings indicate a continued losing operation this summer. It is thus imperative that CanJet be in a position to discontinue the Hamilton scheduled service with a minimum of delay.
http://www.cta-otc.gc.ca/rulings-decisi ... 386_e.html
http://www.cta-otc.gc.ca/rulings-decisi ... 386_e.html
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b767jetmec
- Rank 2
- Posts: 65
- Joined: Fri Jun 03, 2005 5:56 am
- Location: North of Nowhere
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b767jetmec
- Rank 2
- Posts: 65
- Joined: Fri Jun 03, 2005 5:56 am
- Location: North of Nowhere
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Flightlevels
- Rank 7
- Posts: 703
- Joined: Sun Feb 29, 2004 7:16 pm
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b767jetmec
- Rank 2
- Posts: 65
- Joined: Fri Jun 03, 2005 5:56 am
- Location: North of Nowhere
You know, being an Air Canada employee, it pisses me off to see jackoffs like Blaster, who I believe is an Air Canada employee himself, constantly smearing WJ day in and day out. Now I see a twerp like you make a dumbass comment like that!!! Your just as much an idiot as he is.TooLow_Flaps wrote:Air Crapada sucks bag. Go WESTJET!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!!
Boeing just does it better!
b767jetmec, I have to agree with you. Where is the normal conversation? Does someone have to slam the competition with every post? I have lots of friends that work for both AC and WJ and wouldn't wish ill on either group of employees, after all, we are just trying to make a living in a tough racket. What did our mothers used to say? If you don't have anything good to say.....
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tonysoprano
- Rank 10
- Posts: 2589
- Joined: Mon Jul 18, 2005 7:01 pm
It feels just like kindergarden all over again. Kinda fun. "Toolow_flaps" I wouldn't be too proud of that name. The gpws is trying to tell you something. Or is that the way you always fly?
Fltlevels."Wow what a mentality...how's the mortgage? mines paid off!! stir stir stir...lol".
That's both flattering and arrogant. No more mortgage- good for you. Have you told the newer guys at WJ? You know the ones that will have to spend the rest of their careers at WJ paying for the mortgage. The starting salary at AC may suck, but we all know what happens to it with time.
If your profit sharing goes south, you better start fending off those union supporters.
Fltlevels."Wow what a mentality...how's the mortgage? mines paid off!! stir stir stir...lol".
That's both flattering and arrogant. No more mortgage- good for you. Have you told the newer guys at WJ? You know the ones that will have to spend the rest of their careers at WJ paying for the mortgage. The starting salary at AC may suck, but we all know what happens to it with time.
If your profit sharing goes south, you better start fending off those union supporters.
Last edited by tonysoprano on Thu Sep 01, 2005 8:33 am, edited 4 times in total.
In the business world, the rearview mirror is always clearer than the windshield...W. Buffett-
tonysoprano
- Rank 10
- Posts: 2589
- Joined: Mon Jul 18, 2005 7:01 pm
Rough Winter Coming Up
It has started.......
WestJet Airlines WJA-T Last Trade:Sep 01, 2005 11:46 EST
Last: C$ 10.990 Net Change: C$ -0.110 % Change: -0.99%
Something that is not mentioned at WJ is getting into the "stock option game" (with a max of 20% of your wages) is akin to playing Russian roulette. There's absolutely NO guarantee whatsoever you will recoup the money. With light flight loads, intense competitions, high fuel cost, golden triangle failure etc.. You have to be crazy to think it will go up again to $20.00, $25.00 or even $30.00. Those days are over and done with.
But yet new employees keep wasting their money in the useless stocks. Of course they don’t have a choice, the money (wages) is beyond par. They try as best they can to make the difference somehow, hoping for the best and with the WJ Propaganda machine working overtime…... BTW why does WJ gives “buddy-passes” to all its employees during profit share? They already have flight privileges. It’s not like they can sell the darn thing. They should give a real $$$ bonus instead of those crappy 8 buddy-passes a year.
WJ needs to offer better pay, on par with the industry, or the union, they are a cometh
WestJet Airlines WJA-T Last Trade:Sep 01, 2005 11:46 EST
Last: C$ 10.990 Net Change: C$ -0.110 % Change: -0.99%
Something that is not mentioned at WJ is getting into the "stock option game" (with a max of 20% of your wages) is akin to playing Russian roulette. There's absolutely NO guarantee whatsoever you will recoup the money. With light flight loads, intense competitions, high fuel cost, golden triangle failure etc.. You have to be crazy to think it will go up again to $20.00, $25.00 or even $30.00. Those days are over and done with.
But yet new employees keep wasting their money in the useless stocks. Of course they don’t have a choice, the money (wages) is beyond par. They try as best they can to make the difference somehow, hoping for the best and with the WJ Propaganda machine working overtime…... BTW why does WJ gives “buddy-passes” to all its employees during profit share? They already have flight privileges. It’s not like they can sell the darn thing. They should give a real $$$ bonus instead of those crappy 8 buddy-passes a year.
WJ needs to offer better pay, on par with the industry, or the union, they are a cometh
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Flightlevels
- Rank 7
- Posts: 703
- Joined: Sun Feb 29, 2004 7:16 pm
Tony..I was responding to a stupid comment on profit share with a stupid comment of my own...didn't you see the irony? get my point? with alot of time now for the newhires...lol. don't be such a hypocrite. think of your posting if you can...pension comes to mind...lol.
Blastor you keep saying the same thing over and over about the stock you need new material...people do have a choice weather or not to contribute...look at the 52 week high and low average it out and then find out what the employee average was bought at for the year. So far the returns on the 20% esp as a guestimate are in the nieghbourhood of 75%...are you getting a return like that on your investment? then as mentioned over and over DIVERSIFY into whatever, to become less immune to a VOLITILE stock. The tax benifits of ESP are awsome too. If an employee chooses not to/ or contribute what an average employee at any other company contributes to thier pension(about 4%) you have an average takehome pay with an average salary.
Buddy passes are for us to say weather they are appreciated or not I for one enjoy handing them out to my son's teacher and friends for a few examples. Did you know that last months load factor was the second highest on record for westjet? kinda puts a disclaimer to your loadfactor thing and I have carried alot in the jumpseat through August as well. I'm gonna guess 79% lf for Aug...pretty respectable. Again oil is driving the stock price not the fundamentals of the company.
Profit sharing isn't as important as you fellows like to think...ya it's nice to get but it is explained in every interview that it is not a guarantee...nobody forces you to take a job do they? It is just a nice perk and yes it does raise moral. So why don't people slam thier fist down and say "I'm outta here, I need the profit share" Everyone understands the economics of what has happened recently with competition and what fuel is doing right now. I guess that's why we don't hear union drums. WJ is concentrating hard on keeping costs as low as possible and that in turn will translate to a job security the way I see it as do others.
Blastor you keep saying the same thing over and over about the stock you need new material...people do have a choice weather or not to contribute...look at the 52 week high and low average it out and then find out what the employee average was bought at for the year. So far the returns on the 20% esp as a guestimate are in the nieghbourhood of 75%...are you getting a return like that on your investment? then as mentioned over and over DIVERSIFY into whatever, to become less immune to a VOLITILE stock. The tax benifits of ESP are awsome too. If an employee chooses not to/ or contribute what an average employee at any other company contributes to thier pension(about 4%) you have an average takehome pay with an average salary.
Buddy passes are for us to say weather they are appreciated or not I for one enjoy handing them out to my son's teacher and friends for a few examples. Did you know that last months load factor was the second highest on record for westjet? kinda puts a disclaimer to your loadfactor thing and I have carried alot in the jumpseat through August as well. I'm gonna guess 79% lf for Aug...pretty respectable. Again oil is driving the stock price not the fundamentals of the company.
Profit sharing isn't as important as you fellows like to think...ya it's nice to get but it is explained in every interview that it is not a guarantee...nobody forces you to take a job do they? It is just a nice perk and yes it does raise moral. So why don't people slam thier fist down and say "I'm outta here, I need the profit share" Everyone understands the economics of what has happened recently with competition and what fuel is doing right now. I guess that's why we don't hear union drums. WJ is concentrating hard on keeping costs as low as possible and that in turn will translate to a job security the way I see it as do others.
Last edited by Flightlevels on Thu Sep 01, 2005 12:40 pm, edited 2 times in total.
Re: Rough Winter Coming Up
"Those days are done." So speaketh the genious. You must be "Gozillionaiah", as Forrest Gump might have said. I'd invite you to short the stock, but anyone not bright enough to know the difference between a stock option and an ESP wouldn't grasp the concept.Blastor wrote:It has started.......
WestJet Airlines WJA-T Last Trade:Sep 01, 2005 11:46 EST
Last: C$ 10.990 Net Change: C$ -0.110 % Change: -0.99%
Something that is not mentioned at WJ is getting into the "stock option game" (with a max of 20% of your wages) is akin to playing Russian roulette. There's absolutely NO guarantee whatsoever you will recoup the money. With light flight loads, intense competitions, high fuel cost, golden triangle failure etc.. You have to be crazy to think it will go up again to $20.00, $25.00 or even $30.00. Those days are over and done with.
But yet new employees keep wasting their money in the useless stocks. Of course they don’t have a choice, the money (wages) is beyond par. They try as best they can to make the difference somehow, hoping for the best and with the WJ Propaganda machine working overtime…... BTW why does WJ gives “buddy-passes” to all its employees during profit share? They already have flight privileges. It’s not like they can sell the darn thing. They should give a real $$$ bonus instead of those crappy 8 buddy-passes a year.
WJ needs to offer better pay, on par with the industry, or the union, they are a cometh
The time to buy stock is when it's cheap. Especially if you get it at half of market price. I know, people like you would rather strike to get your base salary moved from $30k to $32k. You think that is the way to wealth. It ain't.
No risk, no reward.
Last edited by RVSM on Thu Sep 01, 2005 12:51 pm, edited 1 time in total.
Diversification is key flt levels. Theses blastor types console themselves with thier brainwashing digs, but they haven't a clue. WJ has the best fundamentals of any airline in Canada. Bear in mind though, stupid people have their place. Here is an example.
I bought stock in a junior O&G a year ago. They had a proven management team, excellent land base, successful drilling history. Long story short, they IPO'd at $.25 (25 cents) a share. In spite of strong fundamentals, a very low cost structure that would allow them to make obscene amounts of money at $35bbl oil, people shorted that stock at $9.80 a share, $11/share, $15/share, $15.50. All in the face of huge production increases and a rising commodity price. Today it trades at $17+. Five million shares short on a 60 million float. Guess what happens when the stupid people have to cover? They drive up the price. Blood bath time!
I have nothing against retail shorts and 30 year old hedge fund managers who play with OPM (other peoples money). If it wasn't for stupid people, you'd only have half a market.
So maybe we outta cut blastor some slack. He's a neccesary part of the food chain.
I bought stock in a junior O&G a year ago. They had a proven management team, excellent land base, successful drilling history. Long story short, they IPO'd at $.25 (25 cents) a share. In spite of strong fundamentals, a very low cost structure that would allow them to make obscene amounts of money at $35bbl oil, people shorted that stock at $9.80 a share, $11/share, $15/share, $15.50. All in the face of huge production increases and a rising commodity price. Today it trades at $17+. Five million shares short on a 60 million float. Guess what happens when the stupid people have to cover? They drive up the price. Blood bath time!
I have nothing against retail shorts and 30 year old hedge fund managers who play with OPM (other peoples money). If it wasn't for stupid people, you'd only have half a market.
So maybe we outta cut blastor some slack. He's a neccesary part of the food chain.
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Flightlevels
- Rank 7
- Posts: 703
- Joined: Sun Feb 29, 2004 7:16 pm
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grammar boy
- Rank 3
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- Joined: Mon Jul 04, 2005 7:53 pm
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tonysoprano
- Rank 10
- Posts: 2589
- Joined: Mon Jul 18, 2005 7:01 pm
Flightlevels said:
"Tony..I was responding to a stupid comment on profit share with a stupid comment of my own...didn't you see the irony? get my point? with alot of time now for the newhires...lol. don't be such a hypocrite. think of your posting if you can...pension comes to mind...lol. "
Ya right dude, nice comeback. What the heck does pension have to do with it? I'm talking straight salary. Ask any of the newer guys if their mortgage will be paid off any time soon. You would be insulting them. Profit sharing has a time and place. At WJ, that time is gone. Now you're relying on straight salary. That's the only point I'm trying to make. Don't feel threatened by it. I can easily throw the hypocrate comment right back at ya. Anyway, it's so f**ken funny how Blastor gets to you guys.
"Tony..I was responding to a stupid comment on profit share with a stupid comment of my own...didn't you see the irony? get my point? with alot of time now for the newhires...lol. don't be such a hypocrite. think of your posting if you can...pension comes to mind...lol. "
Ya right dude, nice comeback. What the heck does pension have to do with it? I'm talking straight salary. Ask any of the newer guys if their mortgage will be paid off any time soon. You would be insulting them. Profit sharing has a time and place. At WJ, that time is gone. Now you're relying on straight salary. That's the only point I'm trying to make. Don't feel threatened by it. I can easily throw the hypocrate comment right back at ya. Anyway, it's so f**ken funny how Blastor gets to you guys.
Last edited by tonysoprano on Thu Sep 01, 2005 1:33 pm, edited 1 time in total.
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Flightlevels
- Rank 7
- Posts: 703
- Joined: Sun Feb 29, 2004 7:16 pm
