Hello everyone. It’s that time once again. This week’s issue of PlaneBusiness Banter is now posted.
This week we take an in-depth look at the recent earnings reported by both WestJet and Air Canada. On the surface, WestJet easily bested its Canadian competitor in terms of its fourth quarter performance, but WestJet is now in the process of starting a new regional airline. We talk a lot this week about my concerns about this new “WestJet Express” operation.
Meanwhile, how is Air Canada going to increase its revenues? The airline’s problems in that department overshadowed the airline’s cost reduction performance in the fourth quarter. Meanwhile, cost forecasts for the first quarter are daunting.
We also update subscribers on the latest from the American Airlines bankruptcy, and we take a look at what happened to airline stocks last week. Hint: The frenzy of the last few weeks finally came to a screeching halt.
Pinnacle Airlines got some good news last week however — and that news sent its shares soaring. We’ll update you on all that news as well.
All this and much, much more, including a very active mailbag — this week in PlaneBusiness Banter.