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Thread: WestJet feeling the financial pain of COVID-19
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Old Mar 15, 2020 | 4:37 pm
  #8  
calgaryhhr
 
Join Date: Dec 2010
Posts: 126
Originally Posted by Antonio8069
No, I don't think Onex is going bankrupt anytime soon! They have said they are in for the long run.
I am genuinely puzzled by WS strategy? Laying off 1/2 their FAs is pretty drastic, IMO. They have a lot of new aircraft (leased or owned?) Their public filings (Sedar) provided no forward looking insight? Moreover, I don't get their Swoop straegy either? WS seems to have entered an uber competitive market (Rouge, Flair to compete against themselves (check arrivals @ YMH and you will see what I mean!)
I expect that this Covid pandemic will force WestJet/Onex hand toward shutting down Swoop. I can't see that airline making it through this downturn.

Westjet's first move should be to shut down Swoop and layoff all that stay and then move onto laying off WestJet staff as required.
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