WestJet Airlines Ltd. has been experiencing “reliability and on-time performance challenges” with its new overseas flights to London, forcing it to cancel 10 flights and delay several others in the first two months of operations.
Our skies are dominated by a duopoly which consists of WestJet Airlines Ltd. (TSX:WJA) and Air Canada (TSX:AC)(TSX:AC.B). In theory, as long as the company is at least 50.1% owned by Canadians, anyone can compete with these incumbents.
Chris Bolin for National PostCalgary-headquartered WestJet appears to be at great risk in 2016 because of its high level of exposure to Alberta, where the economy is thought to have contracted in 2015 due to the oil price rout.
Canada's WestJet Airlines Ltd reported a higher-than-expected quarterly profit, helped by lower fuel costs. Calgary-based WestJet's fuel expenses, typically an airline's largest variable cost, fell nearly 21 per cent to $166.4 million.
Anyone who booked a WestJet flight on the Brandon-to-Toronto route will have to make other plans. The City of Brandon says the airline has decided to cancel the route due to sluggish bookings. The city has issued a news release saying WestJet offered a ...
In another possible blow to Bombardier Inc., WestJet Airlines Ltd. is in talks with the struggling company to slow down deliveries of the Q400 turboprops it has on order, part of a broader strategy to cope with Alberta's deteriorating economy.
Canada's two largest airlines–Air Canada (TSX:AC)(TSX:AC.B) and WestJet Airlines Ltd. (TSX:WJA)–enjoy duopoly status at home, low fuel prices that look here to stay at least a little while longer, and both have had some measure of success diversifying ...