We sell seats based on USD0 oil and then fly people at USD5 oil. Obviously, it's not going to be good for earnings
Clive Beddoe
As a founding member of our organization, Don's focus on our corporate culture has assisted WestJet in becoming a leader in our industry... His new role in this important aspect of our organization will set the stage for continued success.
culture organization success focus leader corporate stage industry important
The changes to the executive structure reinforces the commitment that WestJet has to its guests,.. Russ' proven leadership and business judgment as an executive will help further strengthen our WestJet Executive team.
leadership business commitment judgment team strengthen structure
Both Air Transat and Air Canada went to a variable voting structure and we were the oddball
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And some of our American shareholders asked us if we would consider it and we certainly saw no reason why not to do it.
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It isn't so much the absolute price of oil, as it is the increasing price,.. If we sell seats based on 0 oil and then fly people at 5 oil, obviously it's not going to be good for earnings.
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We'll be profitable in the third quarter. There's no question about that.
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Foreign ownership has declined somewhat in recent months with the run-up in the price of fuel, as the sector's been a little bit out of favor, but it's still worth our while to do it (reclassify the shares) in preparation for when that reverses
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Both Arthur Scace and Hugh Bolton's unique and varied experiences are welcome additions to WestJet's Board of Directors. We are fortunate that Mr. Scace and Mr. Bolton have accepted these positions, and we look forward to the contributions they will make.
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These numbers indicate the capacity we are adding into the system continues to be absorbed by the market
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