|Bid||30.11 x 0|
|Ask||30.12 x 0|
|Day's Range||30.08 - 30.14|
|52 Week Range||16.71 - 30.25|
|Beta (3Y Monthly)||0.85|
|PE Ratio (TTM)||33.52|
|Earnings Date||Jul 30, 2019|
|Forward Dividend & Yield||0.56 (1.85%)|
|1y Target Est||26.57|
Enhanced service offerings and products highlight WestJet's Canadian roots across the airlines' Business, Premium and Economy cabins CALGARY , June 13, 2019 /CNW/ - Following the successful launch of WestJet's ...
OTTAWA — The Canadian Union of Public Employees says it has been certified to represent 170 flight attendants at Swoop, the low-cost subsidiary of WestJet Airlines.
Canadian airlines and flight crews are forbidden to consume cannabis for at least 28 days before going on duty, the country's transportation regulator said on Thursday. Transport Canada's new policy, which is effective immediately, says no person should work while "under the influence of any drug," according to statement posted on its website. Canada became the first developed country in the world to legalize cannabis in October 2018.
CALGARY, June 6, 2019 /CNW/ - As WestJet's network continues to grow globally so do the needs of guests who travel the most. With business travellers and frequent flyers often away from home, WestJet's Flight Light will let kids watch their parents flight in real-time and show them just how close they are to arriving home. "Caring for our guests also means caring for the ones they love and with Flight Light we hope to bring more comfort and joy to parents and their children during their travel journeys," said Richard Bartrem, WestJet's Vice-President, Marketing Communications.
Alberta Premier Jason Kenney attends inaugural event in support of airline's efforts to strengthen Alberta's global influence CALGARY , June 1, 2019 /CNW/ - With the departure of flight WS6 tonight, WestJet ...
Several recent announcements from the airline sector all appear to bode well for long-term investors of Air Canada (TSX:AC)(TSX:AC.B).
The sale of WestJet Airlines Ltd (TSX:WJA) to Onex could give investors some valuable insights into why there might be too much emphasis on the short term.
Toronto's stock market will nudge higher over the rest of the year, but investors will need to wait until the second half of 2020 for the index to better April's record peak as global trade tensions weigh on company earnings, a Reuters poll found. The median forecast from a survey of 26 portfolio managers and strategists polled was for the Toronto market to rise 1.3% from last week's close to 16,445 by December. "It looks like we have moved into a common seasonal soft patch that could run through to October depending on how long it takes to get U.S.-China trade talks and Brexit sorted out," said Colin Cieszynski, chief market strategist at SIA Wealth Management.
Airline expands European network with first flight to BCN from Toronto Pearson CALGARY , May 24, 2019 /CNW/ - WestJet today opened greater access to both Europe and Canada with its inaugural flight between ...
CALGARY , May 23, 2019 /CNW/ - WestJet today announced that WestJet Encore flight dispatchers, represented by the Canadian Airline Dispatchers Association (CALDA), have successfully ratified a three-year ...
Air travel could be about to get a lot more expensive, and that could send Air Canada (TSX:AC) stock soaring.
Onex Corporation (TSX:ONEX) has been in the news recently because of its $5 billion WestJet Airlines Ltd. (TSX:WJA) acquisition. Here’s why ONEX stock is about to jet higher.
Dreamliner flights to Maui available now CALGARY , May 21, 2019 /CNW/ - WestJet today revealed its winter 787-9 Dreamliner schedule, announcing the state-of-the-art aircraft will now fly between Calgary ...
Booking the 787-9 to Europe now available CALGARY , May 21, 2019 /CNW/ - WestJet today revealed its winter 787-9 Dreamliner schedule, announcing the state-of-the-art aircraft will be operating its Toronto ...
CALGARY , May 18, 2019 /CNW/ - WestJet today announced that WestJet flight dispatchers, represented by the Canadian Airline Dispatchers Association (CALDA), voted 90 per cent in favour of a three-year ...
Airline joined by Alberta political and tourism leaders in opening key economic, cultural and social ties with France CALGARY , May 17, 2019 /CNW/ - With the departure of flight 10, WestJet today became ...
The Canadian private-equity firm Onex is buying WestJet for an eye-popping valuation. Here’s what that could mean for U.S. carriers.
Buyout firm Onex Corp pitched its offer at a rich 67% premium to the stock's Friday closing price, which would make it the world's biggest private equity-backed airline acquisition, according to Refinitiv data. Onex saw an opportunity in Canada's aviation market duopoly to build up the Calgary-based low-cost carrier against Air Canada, even in a country where high commercial aviation fees and surcharges are regularly derided by airlines, a source familiar with Onex's thinking told Reuters. "WestJet is a rather unique opportunity in a market dominated by (Air Canada)," said a second industry source.
Onex Corp.'s purchase of WestJet Airlines Ltd. has prompted Moody's Investors Service to place two of the carrier's credit ratings under review for possible downgrade.The rating agency says it expects Onex to download some of the $5-billion acquisition cost, which includes debt, onto WestJet when the deal closes. Such a move would increase the airline's adjusted leverage, though WestJet has no room in its current rating for any increase, Moody's said Tuesday.The review will examine WestJet's capital structure and any change in business strategy.The all-cash deal, announced Monday, will see Toronto-based Onex take WestJet private after 20 years on the Toronto Stock Exchange.Onex managing director Tawfiq Popatia told The Canadian Press yesterday that the private equity firm plans to stick to WestJet's current trajectory, with no major strategy shifts in the works.On Tuesday, WestJet chief executive Ed Sims told reporters that going private would relieve the Calgary-based company of the constant scrutiny that attends publicly held companies."I compare it to a farmer who’s constantly pulling up his or her radishes, wondering how well they’re growing, and then wondering why they’re not growing on a sustainable basis," Sims said at WestJet headquarters Tuesday morning, before news of the Moody's review broke."We now have the ability to focus on our long-term strategy to deliver against the lifetime of our assets."Sims reiterated that none of WestJet's 14,000 jobs would be on the chopping block as a result of the purchase."What we are clear on with Onex is that they have not spent $5 billion on this entity to try to shrink their way to prosperity," he said.As to the origins of the deal, he said: "Onex called us."Moody's said its review will wrap up around the time the transaction closes later this year or in early 2020. Companies in this story: (TSX:WJA)Christopher Reynolds, The Canadian Press
CALGARY , May 14, 2019 /CNW/ - Media are invited to the WestJet campus in Calgary on May 14, 2019 to meet with WestJet President and CEO, Ed Sims . Ed is available to discuss yesterday's announcement that ...
The surprise offer for C$31 a share, a 67% premium to their closing price on Friday, sparked a surge in WestJet shares, which closed up 60% at $29.61. If completed, it would be the biggest private equity deal ever for an airline, according to Refinitiv data. If Onex obtains shareholder and regulatory approvals, the deal would help Schwartz get his hands on an airline two decades after he missed out on buying Air Canada, WestJet's bigger rival.