WestJet Reports Third-Quarter Results, Maintaining Fair Value at CAD 28
WestJet Airlines announced third-quarter results that featured a 7.6% and 6.7% year-over-year increase in revenue and operating profits, respectively. Canadian economic weakness continues to weigh on unit revenue, but the company’s international expansion, which has created unforeseen expenses, appears to be running more smoothly now. We maintain a fair value estimate of CAD 28 per share and our no-moat rating.WestJet registered a 7.6% increase in total revenue for the quarter, translating to C...
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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