WestJet shareholders approve sale to Onex

WestJet shareholders approve sale to OnexWestJet Airlines Ltd. says its shareholders and option holders have overwhelmingly voted to approve its previously announced proposed sale to Onex Corp. Westjet is based in Calgary. More than 92.5 per cent of shareholders and option holders who voted at a special meeting on Tuesday were in favour of the proposed transaction that’s worth about…

WestJet, Delta Air Lines move closer to joint venture

Canadian Competition Bureau gives clearance. Regulatory approval still needed from U.S. Department of Transportation

WestJet, Delta Air Lines move closer to joint ventureCalgary-based WestJet and Delta Air Lines announced on Thursday that their proposed U.S.-Canada transborder joint venture has received clearance under Canada's Competition Act from the Canadian Competition Bureau.  The airlines said the bureau issued a no-action letter confirming that it doesn’t intend to challenge the proposed joint venture agreement between WestJet and Delta. “Today's clearance by…

WestJet being sold to Onex Corporation in $5 billion deal

Onex and its affiliated funds will acquire all outstanding shares of WestJet for $31 per share

WestJet being sold to Onex Corporation in $5 billion dealCalgary-based WestJet Airlines is being sold to Onex Corporation in a deal that is worth about $5 billion including assumed debt. The sale is subject to shareholder approval. In a news release on Monday, it was announced that in the all-cash transaction Onex and its affiliated funds will acquire all outstanding shares of WestJet for…

WestJet, Calgary Stampeders sign three-year partnership

Deal means WestJet becomes the official airline partner of the Canadian Football League team

WestJet, Calgary Stampeders sign three-year partnershipTwo iconic Calgary institutions – WestJet and the Calgary Stampeders – are joining forces by entering a three-year partnership. As part of the agreement, WestJet will become the official airline partner for the Stampeders of the Canadian Football League. And it will charter the defending 2018 Grey Cup champions to all away games through the…

WestJet’s net earnings up 33% in first quarter

Board of directors declares cash dividend of 14 cents per common voting share

WestJet’s net earnings up 33% in first quarterCalgary-based WestJet reported on Tuesday that its first quarter net earnings of $45.6 million, or 40 cents per fully diluted share, rose by 33.4 per cent. That compared with net earnings of $34.2 million, or 30 cents per fully diluted share, in the first quarter of 2018. The airline’s revenue also was up 5.5 per…

WestJet’s 2018 net earnings nosedive by more than 67 per cent

Calgary company’s total revenue in 2018 rose by 5% to $4.7 billion

WestJet’s 2018 net earnings nosedive by more than 67 per centCalgary-based WestJet saw its net earnings plunge by 67.2 per cent year over year in 2018. In reporting its fourth quarter and year-end results on Tuesday, the airline said full-year net earnings of $91.5 million were down from $279.1 million in 2017. Diluted earnings per share also fell by 66.4 per cent to 80 cents…

WestJet net earnings plunge more than 66% from a year ago

The airline reported on Tuesday that net earnings of $45.9 million were down from $135.9 million from the third quarter of 2017

WestJet net earnings plunge more than 66% from a year agoNet earning for Calgary-based WestJet fell by 66.3 per cent in the third quarter from a year ago. The airline reported on Tuesday that net earnings of $45.9 million were down from $135.9 million from the third quarter of 2017. The company reported diluted earnings per share of $0.40, which was down 65.2 per cent…

WestJet launching non-stop Calgary service to London, Paris and Dublin

‘Alberta's connectivity to the rest of the world is vital for our economy,’ says company president Ed Sims

WestJet launching non-stop Calgary service to London, Paris and DublinWestJet announced on Wednesday that it’s launching non-stop service on board its Dreamliners fleet to London, Paris and Dublin. The company said in launching its first three Boeing 787-9 Dreamliner international destinations from Calgary, WestJet becomes the first Canadian airline to base its Dreamliner aircraft out of YYC Calgary International Airport. “Alberta's connectivity to the rest…

Sims committed to taking WestJet to new heights

President and CEO Ed Sims lays out an expansive and optimistic future for the Calgary-based airline

Sims committed to taking WestJet to new heightsEd Sims is president and CEO of WestJet. Calgary’s Business: What’s your vision for WestJet in the near-term and long-term? Sims: My mandate from the outset has been to return WestJet to previous levels of profitability and build trust and confidence among our 13,000 WestJet employees. Our people are our ‘secret sauce’ and we are…

Swoop announces service to American destinations

Schedule includes flights out of Edmonton and should create 90 jobs in the region, according to the company

Swoop announces service to American destinationsThis fall, travellers can fly south for as low as $99 one way. WestJet’s ultra-low-cost carrier Swoop announced its entrance into the American market on Thursday with the release of its 2018-2019 winter schedule. The schedule includes flights from Edmonton to Las Vegas and Mesa; Hamilton to Las Vegas, Fort Lauderdale, Orlando and Tampa Bay;…