No doubt about it, they are done like dinner!

- 27 consecutive quarters of profitability
- Positive cash flow
- Net earnings up 39.8%
- 15.9% reduction in CASM
- youngest fleet in Canada
- new equipment coming on line monthly

Sure "LONG TERM DEBT" went up. It's not like they borrowed the money to run the competition out of business and have nothing to show for it, except the debt! They have acquired modern fuel efficient equipment that are lowering their operating costs. You might not like WJ, but their balance sheet is hardly a mess, especially considering the capital intensive nature of the airline industry.

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Hey, I'm a capitalist and I like companies to make money.........but the LTD has to be repaid and I remember when AC said they had the youngest fleet in the world,etc. Airlines are a cash flow business with lots of fixed overheads;WS is no different than AC was and is now growing its debt hoping the growth in traffic continues. What if AC gets their **** together and takes them on when they become vulnerable to say higher interst rates or some such unforeseen change in the business plan.Remember Canada 3000.....flying high one minute and dead the next.