Air Canada seeks ways to boost revenue, cut costs as C$ falls
Feb 6, 2014, 12:05 am
#31
Join Date: Aug 2011
Posts: 2,187
Happens all the time with all airlines and depends on how they think the flight will sell and what days of the week you are booking. I suspect he was referring to the announced general increases and the sudden price differential overnight. The price will drop again if the seats remain empty despite what Calin says.
Feb 6, 2014, 5:39 am
#32
Join Date: Jul 2005
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It'll be a cold day in July before I spend $4200 pp r/t to go PE to Japan, and getting my chain pulled is just causing me to rethink the whole trip. They may well have lost my business by the time they get around to restoring the original price, if that's the game.
Last edited by ensco; Feb 6, 2014 at 5:53 am
Feb 6, 2014, 11:22 am
#35
Join Date: Jul 2005
Location: Ontario, CAN
Posts: 5,813
WestJet told analysts Tuesday that it increased fares by two per cent last week in response to the falling Canadian dollar
(From Canadian Press, Wed Feb 5)
Feb 6, 2014, 3:48 pm
#36
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Changed a US$20 bill at Costco food kiosk yesterday, and basically received a free ice cream cone, with a Cdn$20 bill in my jeans.
Has the dollar really fallen that much?
Has the dollar really fallen that much?
Feb 6, 2014, 7:27 pm
#37
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Feb 6, 2014, 7:44 pm
#38
Join Date: Jul 2005
Location: Ontario, CAN
Posts: 5,813
CR is on record saying they hedged but admitted they didn't see the drop going this deep, this quick (like many of us in the game). Worth noting that Annual US sales of ~$1.25B will also help soften the blow
Guess we'll see how much poverty they plead Wednesday on the Q4 call, won't we?
Feb 6, 2014, 7:57 pm
#39
Join Date: Aug 2011
Posts: 2,187
I guess it will be a bit difficult to plead poverty if the numbers are good. So then if all looks rosy, Calin will look rather cynical pleading for fare increases. I suspect we'll see a ton of spin...
Feb 6, 2014, 8:03 pm
#40
Join Date: Jul 2005
Location: Ontario, CAN
Posts: 5,813
Westjet and AC have introduced fare increases recently. Are companies supposed to stop driving toward top-line increases once they're profitable?
We all agree paying more for anything sucks. But, AC, Westjet, Delta etc are allowed to maximize their profit, right?
Feb 6, 2014, 8:37 pm
#42
Join Date: Aug 2011
Posts: 2,187
Can someone link where Calin is pleading poor?
Westjet and AC have introduced fare increases recently. Are companies supposed to stop driving toward top-line increases once they're profitable?
We all agree paying more for anything sucks. But, AC, Westjet, Delta etc are allowed to maximize their profit, right?
Westjet and AC have introduced fare increases recently. Are companies supposed to stop driving toward top-line increases once they're profitable?
We all agree paying more for anything sucks. But, AC, Westjet, Delta etc are allowed to maximize their profit, right?
Feb 6, 2014, 10:07 pm
#43
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Can someone link where Calin is pleading poor?
Westjet and AC have introduced fare increases recently. Are companies supposed to stop driving toward top-line increases once they're profitable?
We all agree paying more for anything sucks. But, AC, Westjet, Delta etc are allowed to maximize their profit, right?
Westjet and AC have introduced fare increases recently. Are companies supposed to stop driving toward top-line increases once they're profitable?
We all agree paying more for anything sucks. But, AC, Westjet, Delta etc are allowed to maximize their profit, right?
Generally, the entire travel industry is seeing higher demand this year. Demand for travel is high.
Feb 7, 2014, 10:22 pm
#44
Join Date: Jul 2005
Location: YYZ
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Posts: 363
Bizarre thing to do.