Clive Beddoe
Clive Beddoe
Clive Beddoeis a founding shareholder and Chairman of the Board of Directors of WestJet Airlines...
face factors increased load past quarters three
For the past three quarters we have simultaneously increased yield, load factors in the face of increased capacity.
reality way accepting
The only way for the market to accept this reality is if fares are advanced slowly and cautiously, and the very low fares do still appear from time-to-time in the market to allow those who will not travel without them to have access to our service.
based fly good oil people seats sell
We sell seats based on USD$50 oil and then fly people at USD$65 oil. Obviously, it's not going to be good for earnings,
accepted arthur board both fortunate forward hugh unique varied welcome
Both Arthur Scace and Hugh Bolton's unique and varied experiences are welcome additions to WestJet's Board of Directors. We are fortunate that Mr. Scace and Mr. Bolton have accepted these positions, and we look forward to the contributions they will make.
air both canada structure variable voting
Both Air Transat and Air Canada went to a variable voting structure and we were the oddball,
although belief firmly higher increases price prices remain sudden
With a higher price of fuel, higher prices must prevail, although I remain firmly of the belief that sudden and significant increases do de-stimulate the market.
cent early expense fuel higher less mitigate per period quarter retirement versus
On an available-seat-mile basis, our fuel expense was 11.9 per cent higher in the first quarter of 2006 versus the same period in 2005. We managed to mitigate this expense with the early retirement of our less fuel-efficient 200-series aircraft.
absolute based fly good increasing obviously oil people price seats sell
It isn't so much the absolute price of oil, as it is the increasing price, ... If we sell seats based on $50 oil and then fly people at $65 oil, obviously it's not going to be good for earnings.
arduous coming continuing slow
I don't think it's coming to any resolution. It's continuing down this very slow and arduous path.
profitable question third
We'll be profitable in the third quarter. There's no question about that.
both continue factors last load numbers point producing quarter results stronger year
These numbers point to us producing stronger first quarter results than last year as we continue to see improvements in both load factors and yield.
adding capacity continues indicate numbers system
These numbers indicate the capacity we are adding into the system continues to be absorbed by the market,
aspect assisted becoming continued corporate culture focus founding leader member role stage
As a founding member of our organization, Don's focus on our corporate culture has assisted WestJet in becoming a leader in our industry. ... His new role in this important aspect of our organization will set the stage for continued success.
achieved add airline attain breaking continuing factors hard improved load past record three witnessed
During this quarter, we have witnessed record breaking load factors as well as improved yields, all of which we have achieved while continuing to add capacity. This accomplishment, which is hard to attain in the airline industry, is one we have now achieved over the past three quarters.