WestJet's new CEO Ed Sims must launch an ULCC arm, grow internationally, and negotiate with unions.
No-moat WestJet Airlines' chief executive, Gregg Saretsky, announced on March 8 that he is retiring effective immediately. Saretsky had been at the carrier since 2009 and served as CEO for eight years. He presided over a 70% increase in WestJet's share price, but nearly all of these gains came during the first three years of his tenure; the shares have moved up only 5% over the past five years, compared with a 21% increase in the S&P/TSX. Lackluster share price performance aside, we think th...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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