WestJet reports "best ever" earnings in Q1 2013
May 7, 2013, 8:21 am
#1
Original Poster
Join Date: May 2006
Posts: 980
http://www.cbc.ca/news/business/stor...-earnings.html
WestJet reports "best ever" earnings in Q1
Profit marks 32nd straight quarterly profit for the airline
The Canadian Press Posted: May 7, 2013 9:12 AM ET
Plane sales
WestJet did not identify the "third party" buyer of its oldest Boeing Next-Generation 737-700 aircraft, but said the sales would be made in 2014 and 2015.
Meanwhile, it has an agreement with Boeing to purchase 10 Next-Generation 737-800 aircraft, also in 2014 and 2015. That will effectively reducing the average age of WestJet's fleet by about a year, the airline said.
WestJet has also deferred the delivery of five Boeing Next-Generation 737-700 aircraft from 2014 and 2015 to 2016 and 2017.
"These agreements are part of our strategy to optimize and modernize our fleet mix, which will improve CASM (cost per available seat mile), while maintaining fleet flexibility going forward," Saretsky said."
© The Canadian Press, 2013
Very happy to hear this! Increase capacity on some of the busiest routes (new -800 at 174 seats vs. old -700 at 136 seats) and decrease the age of the fleet all in one shot! Great decision!
Whoops, wrong thread! Moderator, please move to correct thread! Thanks!
WestJet reports "best ever" earnings in Q1
Profit marks 32nd straight quarterly profit for the airline
The Canadian Press Posted: May 7, 2013 9:12 AM ET
Plane sales
WestJet did not identify the "third party" buyer of its oldest Boeing Next-Generation 737-700 aircraft, but said the sales would be made in 2014 and 2015.
Meanwhile, it has an agreement with Boeing to purchase 10 Next-Generation 737-800 aircraft, also in 2014 and 2015. That will effectively reducing the average age of WestJet's fleet by about a year, the airline said.
WestJet has also deferred the delivery of five Boeing Next-Generation 737-700 aircraft from 2014 and 2015 to 2016 and 2017.
"These agreements are part of our strategy to optimize and modernize our fleet mix, which will improve CASM (cost per available seat mile), while maintaining fleet flexibility going forward," Saretsky said."
© The Canadian Press, 2013
Very happy to hear this! Increase capacity on some of the busiest routes (new -800 at 174 seats vs. old -700 at 136 seats) and decrease the age of the fleet all in one shot! Great decision!
Whoops, wrong thread! Moderator, please move to correct thread! Thanks!
Last edited by JDiver; May 7, 2013 at 2:02 pm Reason: merge posts
May 7, 2013, 2:03 pm
#2
Moderator: American AAdvantage
Join Date: May 2000
Location: NorCal - SMF area
Programs: AA LT Plat; HH LT Diamond, Maître-plongeur des Muccis
Posts: 62,948
Moved off to its own thread; please alert a moderator using the 
radio button to send a message to moderators. We do not read every thread in every forum, so this is the most efficacious way to get a request in.
Thanks, JDiver, senior moderator
radio button to send a message to moderators. We do not read every thread in every forum, so this is the most efficacious way to get a request in. Thanks, JDiver, senior moderator
