Clive Beddoe
Clive Beddoe
Clive Beddoeis a founding shareholder and Chairman of the Board of Directors of WestJet Airlines...
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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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This accomplishment, which is hard to attain in the airline industry, is one we have now achieved over the past three quarters.
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It's a very large software system. It's a huge project. Our hope is that by the summer of 2006, we'll have it in place. We have been limited in the past from offering service upgrades or refundable tickets or multiple changes without fees.
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Some people worry that we're going to make the same mistakes that Canadian Airlines did, and I say, 'No, we're not, because we have a much lower cost structure.' And it's not frills that we'll be adding. It's convenience.
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For the past three quarters we have simultaneously increased yield, load factors in the face of increased capacity.
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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.
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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.