|Bid||30.82 x 0|
|Ask||30.83 x 0|
|Day's Range||30.79 - 30.84|
|52 Week Range||16.71 - 31.00|
|Beta (3Y Monthly)||-0.14|
|PE Ratio (TTM)||21.66|
|Earnings Date||Oct 29, 2019|
|Forward Dividend & Yield||0.56 (1.82%)|
|1y Target Est||27.46|
OTTAWA — Canada's transportation watchdog is launching an inquiry into how WestJet Airlines Ltd. handles its passengers during schedule changes after an incident last month saw travellers bumped without compensation.The Canadian Transportation Agency says the probe into WestJet's tariff — its contract with customers — follows a complaint after a Canadian couple en route to Italy were bumped from their flight out of Edmonton.According to media reports, WestJet told the pair they were not entitled to compensation because the incident amounted to a "flight delay" rather than a "denial of boarding."Under Canada's passenger bill of rights — partially implemented on July 15, a week before the flight — airlines have no obligation to pay customers for delays or cancellations considered out of its control. Delays within its control many not require compensation until Dec. 15, when the second phase of regulations comes into force.Passenger rights advocate Gabor Lukacs says the incident underscores loopholes in the new rights regime — maybe more so than WestJet's tariff — adding that it is unfortunate it took a media report to prompt the inquiry.The agency says it has directed WestJet to provide information and will decide on next steps after it is received. Companies in this story: (TSX:WJA)The Canadian Press
CALGARY, Aug. 13, 2019 /CNW/ - WestJet Airlines Ltd. (TSX:WJA.TO - News) ("WestJet") today announced that the Canadian Competition Bureau has granted unconditional approval for WestJet's proposed transaction with Onex Corporation ("Onex") (TSX:ONEX.TO - News) (the "Arrangement") by issuing a no-action letter. Ed Sims, WestJet's President and Chief Executive Officer, said, "Receiving unconditional approval from the Canadian Competition Bureau is another important step on our path to closing the transaction.
WestJet's regional airline to begin service to Vancouver , October 27 CALGARY , Aug. 12, 2019 /CNW/ - WestJet today announced that its regional airline, WestJet Link, will begin operating nonstop flights ...
ONEX Corporation (TSX:ONEX) has already completed two major acquisitions of publicly traded Canadian companies over the past eight months. Find out why investors need to be paying careful attention to this leading private equity firm.
Recent months have seen a heatwave of M&A activity in Canada's airline industry, including the takeover of WestJet Airlines Ltd. (TSX:WJA) by a leading private equity firm. Find out what it all means for investors.
CALGARY, July 26, 2019 /CNW/ - WestJet Airlines Ltd. (TSX:WJA.TO - News) ("WestJet") today announced that the Court of Queen's Bench of Alberta has granted a final order approving the previously announced proposed transaction with Onex Corporation ("Onex") (TSX:ONEX.TO - News) (the "Arrangement"). The Arrangement was approved by more than 92.5 per cent of shareholders and optionholders who voted at a special meeting of WestJet held on July 23, 2019. The Arrangement is still subject to other conditions to closing, including receipt of the remaining regulatory approvals.
CALGARY — WestJet Airlines Ltd. says it swung to a profit in the second quarter ahead of Onex Corp. taking the airline private in a $3.5-billion deal.The Calgary-based company says it had net earnings of $44.3 million in the quarter ending June 30, compared with a loss of $15.8 million in the same quarter last year.Diluted earnings per share worked out to 38 cents each for the quarter, compared with a loss of 14 cents per share in the same quarter last year.The company saw total revenue climb to $1.21 billion from $1.09 billion last year as it flew 3.5 per cent more travellers in the quarter.Earlier this week, WestJet shareholders approved Onex's bid to acquire and take private the company for $31 a share. The deal is still subject to some closing conditions, including regulatory approvals.The offer was a reduction from the preliminary price of $35.75 per share submitted in March due to uncertainties related to the grounding of Boeing 737 Max jets, according to the proxy circular provided to shareholders."We are very pleased with this significant return to second quarter profitability," said WestJet President & CEO Ed Sims.The company's board has declared a cash dividend of 14 cents per share for the third quarter, to be paid out at the end of September. Companies in this story: (TSX:WJA) The Canadian Press
CALGARY , July 26, 2019 /CNW/ - WestJet (TSX: WJA) today announced its second quarter results for 2019, with net earnings of $44.3 million , or $0.38 per fully diluted share compared with a net loss of ...
WestJet Airlines Ltd. shareholders have approved the $5 billion takeover bid by Onex, paving the way for the private equity firm to take the airline private.
CALGARY, July 23, 2019 /CNW/ - WestJet Airlines Ltd. (TSX:WJA.TO - News) ("WestJet") today announced that at a special meeting held today (the "Meeting"), its shareholders and optionholders overwhelmingly voted to approve its previously announced proposed transaction with Onex Corporation ("Onex") (TSX:ONEX.TO - News). Of the votes cast at the Meeting, more than 92.5 per cent of shareholders and optionholders who voted were in favour of the proposed transaction. WestJet and Onex entered into a definitive agreement on May 12, 2019 (the "Arrangement Agreement"), for the proposed acquisition of WestJet by Onex under a plan of arrangement, pursuant to which each outstanding share of WestJet will be exchanged for $31.00 in cash subject to the terms and conditions of the Arrangement Agreement (the "Arrangement"), following which WestJet will operate as a privately-held company.
Frequency increases to popular domestic, transborder and international destinations from airline's hubs in Calgary , Vancouver and Toronto Seasonal service to Paris and Nashville from Calgary resumes early ...
CALGARY, July 16, 2019 /CNW/ - WestJet Airlines Ltd. (TSX:WJA.TO - News) ("WestJet" or the "Corporation") would like to remind holders ( "Shareholders") of common voting shares and variable voting shares (collectively, the "Shares") and holders ("Optionholders", and together with the Shareholders, "Securityholders") of stock options ("Options") of the Corporation that your vote is very important at the upcoming special meeting (the "Meeting") of Securityholders to be held on July 23, 2019 at 10:00 a.m. (Mountain time) at the WestJet Campus, Fred Ring building, 22 Aerial Place N.E., Calgary, Alberta. At the Meeting, Securityholders will be asked to consider and, if deemed advisable, to pass a special resolution (the "Arrangement Resolution") approving an arrangement (the "Arrangement") under Section 193 of the Business Corporations Act (Alberta) involving the Corporation, Kestrel Bidco Inc. (the "Purchaser"), an affiliate of Onex Corporation ("Onex"), and the Securityholders, pursuant to which, among other things, the Purchaser will, subject to the terms and conditions set out in the arrangement agreement between WestJet and the Purchaser dated May 12, 2019, acquire all of the issued and outstanding Shares at a price of $31.00 per Share in cash (the "Consideration").
Annual awards celebrate individuals and airlines that exhibit dynamic leadership and clear vision across multiple categories CALGARY , July 15, 2019 /CNW/ - WestJet has been awarded top honours for marketing ...
Annual round-trip companion voucher applicable for travel across WestJet's network within Canada for $199 CAD CALGARY , July 12, 2019 /CNW/ - WestJet today announced the introduction of its new annual ...
CALGARY, July 10, 2019 /CNW/ - WestJet (TSX:WJA.TO - News) ("WestJet" or the "Company") is pleased to announce that independent proxy advisory firms, Institutional Shareholder Services Inc. ("ISS") and Glass, Lewis & Co. ("Glass Lewis"), have both recommended shareholders vote FOR the proposed acquisition of WestJet by Onex Corporation ("Onex") at the upcoming special meeting (the "Meeting") of shareholders and optionholders (collectively, "Securityholders") of WestJet being held on July 23, 2019 at 10:00 a.m. (Mountain Time) at the WestJet Campus, Fred Ring building, 22 Aerial Place N.E., Calgary, Alberta.
Passengers who had booked flights with the ultra-low-cost airline were left scrambling after it cancelled 23 flights between July 5 and July 10 due to "unscheduled maintenance" on a defective engine. The policy applies to events "within Swoop's control," which the maintenance issues were, according to spokeswoman Karen McIsaac.
Air Canada (TSX:AC) will maintain its status as Canada’s official airline for the foreseeable future and is an excellent choice for the buy-and-hold investor.
CALGARY and ATLANTA , June 27, 2019 /CNW/ - WestJet (TSX:WJA) and Delta Air Lines (NYSE:DAL) today announced that their proposed U.S. – Canada transborder joint venture has received clearance under Canada's ...
Three-times weekly service conveniently connects the east and the west CALGARY , June 26, 2019 /CNW/ - WestJet today again connected Alberta and Newfoundland and Labrador with the departure of its non-stop ...
Victoria , get to the sun sooner this winter CALGARY , June 25, 2019 /CNW/ - As part of its 2019/2020 winter schedule, today WestJet announced a hot new reason to travel south this winter – Cabo San Lucas, ...