WestJet has ambitious plans that include launching a ULCC arm and expanding internationally.
WestJet Airlines announced second-quarter results that beat consensus and featured double-digit revenue growth and expanded margins. Following earnings, we maintain a fair value estimate of CAD 25 per share and our no-moat rating. Based on where shares are currently trading, we view the stock as fairly valued with a price/fair value estimate ratio of 1.02.WestJet reported positive total unit revenue growth on a year-over-year basis again this quarter, with the metric rising 11% year over year, ...
WestJet Airlines is a Canadian airline. Co. provides scheduled and charter commercial air travel, vacation packages and cargo services across North America, Central America, the Caribbean and Europe. Co.'s commercial air travel business also supports a variety of other product and service offerings including: flight change and cancel options; upgrading to its Plus seating; baggage fees; food, beverage and inflight entertainment options; and its WestJet RBC MasterCard. Co.'s vacation package provides a variety of products and services purchased through packages such as: flights, hotel accommodations, car rentals and tour attractions.
Morningstar, Inc. is a leading provider of independent investment research in North America, Europe, Australia, and Asia. The company offer an extensive line of products and services for individual investors, financial advisors, asset managers, and retirement plan providers and sponsors.
Morningstar provides data on approximately 530,000 investment offerings, including stocks, mutual funds, and similar vehicles, along with real-time global market data on more than 18 million equities, indexes, futures, options, commodities, and precious metals, in addition to foreign exchange and Treasury markets. Morningstar also offers investment management services through its investment advisory subsidiaries and had approximately $185 billion in assets under advisement and management as of June 30, 2016.
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