Articles tagged “westjet”

Air Canada Insists WestJet Takeover Must Be Canadian, Not Foreign

Air Canada Insists WestJet Takeover Must Be Canadian, Not Foreign

Doug Alexander, Bloomberg

The rules are the rules, in this case about prohibitions against foreign ownership of Canadian airlines. Air Canada is trying to ensure that WestJet isn't advantaged by foreign funding interlopers.

1 month ago

Air Canada Bids $387 Million for Tour Operator Transat

Air Canada Bids $387 Million for Tour Operator Transat

Scott Deveau, Bloomberg

While buying a rival airline makes sense, what's interesting is that as a vertically-integrated tour operator Transat has a number of other business lines, including brick-and-mortar travel agencies. What will Air Canada do with these?

5 months ago

Canada’s WestJet Airlines Will Go Private in $2.6 Billion Deal

Canada’s WestJet Airlines Will Go Private in $2.6 Billion Deal

Scott Deveau and Mary Schlangenstein, Bloomberg

A decade ago, WestJet knew exactly what it was. It was Canada's version of Southwest Airlines, flying short-haul routes with Boeing 737s. But recently, it has lost its way, and it is not as profitable as it was. Perhaps it can fix its financials by going private.

5 months ago

Boeing Max 8 Flying: What Airlines, Agencies Are Telling Customers

Boeing Max 8 Flying: What Airlines, Agencies Are Telling Customers

Allan Leibowitz, Skift

A range of differing responses to the Ethiopian Air disaster involving a Boeing 737 Max 8 is making it hard for travel advisors.

7 months ago

Canada Will Get Yet Another Discount Airline

Canada Will Get Yet Another Discount Airline

Justin Bachman, Bloomberg

Several ultra-low-cost carriers have started or are in the planning stages in Canada, and many are in some state of disarray. But the market has potential, and if there's anyone who can figure it out, it's Bill Franke. The man has built discount airlines worldwide, and he has an impressive track record.

10 months ago

New Ultra-Low-Cost Carrier Swoops Into Canada

New Ultra-Low-Cost Carrier Swoops Into Canada

Kristin Majcher, Skift

Canada’s newest airline, Swoop, is now up and running with some of the lowest base fares in Canada. While an important milestone, the larger focus continues to be on WestJet’s challenging financial year and ability to execute several big projects at once.

10 months ago

Air Canada Struggles With How to Fill Planes in Winter

Air Canada Struggles With How to Fill Planes in Winter

Brian Sumers, Skift

Air Canada has built a successful business flying customers between North America and Europe during the summer. But much of that business dries up the rest of the year. Now, Air Canada wants to find a way to produce more revenue in winter. Can it succeed?

12 months ago

WestJet Takes First Loss in 13 Years Due to Fuel Costs and Labor Strife

WestJet Takes First Loss in 13 Years Due to Fuel Costs and Labor Strife

Frederic Tomesco, Bloomberg

WestJet was a consistently profitable Southwest Airlines clone for years. Then management and the board decided that money-making model wasn't enough. They added turboprops and widebody aircraft, and the airline started flying to Europe. That strategy could eventually work, but for now, WestJet is struggling.

1 year ago

Canada Is Set to Weaken Laws on Foreign Ownership for Airlines and Railways

Canada Is Set to Weaken Laws on Foreign Ownership for Airlines and Railways

Josh Wingrove, Bloomberg

Under this legislation in Canada, foreign concerns could own as much as 49 percent of Air Canada or WestJet Airlines. That's not likely to happen anytime soon, however.

1 year ago

Former Investor Darling WestJet Struggles as Canadian Airline Seeks to Reinvent Itself

Former Investor Darling WestJet Struggles as Canadian Airline Seeks to Reinvent Itself

Brian Sumers, Skift

Investors sometimes ask why Southwest Airlines has avoided straying too far from its roots. They wonder if it should assign seats, or add a business class cabin, or sell meals on board. But Southwest almost always prefers simplicity. Given how much WestJet — once a Southwest clone — has struggled as it has evolved, we now understand why Southwest is so conservative.

1 year ago

WestJet Has a Lot Riding on the Launch of Its New Low-Cost Airline

WestJet Has a Lot Riding on the Launch of Its New Low-Cost Airline

Frederic Tomesco, Bloomberg

Starting up a new low-cost airline in a pretty crowded market presents a major challenge for WestJet's new CEO. Add on an expansion of its long-haul program, and you can see why aviation analysts are a little worried.

2 years ago

Norwegian Delays Start of Canada Services After Plane Delivery Setback

Norwegian Delays Start of Canada Services After Plane Delivery Setback

Richard Weiss, Bloomberg

A four-week delay isn't anything to get too concerned about. The more worrying thing for Norwegian is the strong low-cost transatlantic competition and the fact that it has already had to pull some of its routes between smaller airports in Europe and the United States.

2 years ago