WestJet pegs success on people and culture

“We look at WestJet as being a completely different airline,” President Gregg Saretsky told analysts at the Bank of America Global Transportation conference last week. “It is a value-for-money type of airline; one that focuses on our guests and where 84% of employees are owners. We are at an inflection point in our history.” And that, indeed, is its culture – one that has earned it recognition for the best corporate culture in Canada. [1199 words]

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This report contains the following subheadings:

• Fare flexibility and FFP
• Yields are coming back
• Fleet growth flexible

This report contains the following charts and tables:

• What makes WestJet different
• Estimated leisure market size in Canada ($, bill)
• WestJet’s profitability and margins: 2005 to 1Q2010
• WestJet’s financial highlights: 2001 to 2009 and 1Q1010
• WestJet vs peers’ load factors vs break-even load factors (%): 2009
• WestJet’s market share growth drivers (%): 2005 to 2016
• WestJet’s fleet expansion: 2005 to 2016
• WestJet Cash, Adjusted net Debt/EBITDAR and Adjusted Debt/Equity (CAD mill): 2005 to 1Q2010