Fox Business
Expand
Browse All Video
Watch Live

You're watching...

WestJet Strives to Be Canada’s No. 1 Airline

Details

  • Description

    WestJet CEO Gregg Saretsky on the airline’s outlook and growth.

  • Duration 2:45
  • Date

Clips

Also in this playlist...

Markets Now

Auto-advance: ON

Auto-advance
View All

Transcript

This transcript is automatically generated

RAT here's a little bit west -- airlines Canada's number two airline is vying for the number one spot unveiling new premium economy seats between thirteen new partnerships with delta and American Airlines.

Can -- give its travelers more destination options joining us now is question airline's president and CEO.

Greg -- -- -- Greg I know we've had a -- breaking news but I'm still so glad you're here with us.

You have had 29 consecutive quarters of profits sixteen years in business and no layoffs.

How do you know that when our airlines in America seem to be struggling left and right.

How I was who is as simple as saying there's one thing but it's really a combination of factors are very low cost structure allows us offer great low fares.

Have brought -- by employee owners who create a remarkable guest experience and that's that that's been the magic that's propelled us for sixteen years.

You're increasing your dividend and you just need announcements though that you are increasing your expenses as well because you would actually be hiring.

For the winter so you're expecting.

More travelers this winter.

We are we had three aircraft that were scheduled to be returned to lessor is that we decided to keep on for the winter season.

As a result for hiring pilots and flight attendants to crew those and those expenses will be incurred here in the next quarter or two.

In advance of the revenue shall flow and during the first and second quarter 2013.

-- up planes are strictly Boeing Boeing fleet which we love to hear here in the United States you increase in the leg -- on some of them but doesn't that -- have.

Take space away from the people on the back that -- that's -- sit in the back.

Okay we'll address -- to in fact we only have one cabin at west jet and we -- -- all first class.

But what we're doing is gonna create that for excerpt rose with extra -- think -- it as really.

United's economy plus marrying -- -- even more leg room.

And so the is section of the aircraft -- 36 inch pitch to be some amenities that normally you only get in business class or first class.

And some the space to fund that will come from the seats in the rows behind.

Nevertheless it won't be squished in the back will still have 31 and 32 inch pitch which is about the standard globally for -- -- aircraft.

Quickly before -- let you go everyone's worried about the fees were shown them right now.

They are reasonable.

What they're necessary aren't then.

They are and -- he's become a very important driver of profitability for airlines in the third quarter we expect our answer every three -- seven dollars 78 dollars per guest.

Still very low by industry standards we still allow the first bag free and lots of things that other airlines charge for we haven't gone there yet and I think that's also made -- an attractive option for value seeking guests -- I think you're right which is exactly why we love -- back iPod doesn't -- all this breaking news Greg's threats he.

President and CEO of question airlines that Calgary Canada thanks to -- -- times -- thing.

Load More