WestJet Investors Scramble to Find a Sickness Bag, but We’re Only Decreasing our FVE Modestly
No-moat WestJet Airlines reported first-quarter results that missed consensus expectations due to weak unit revenue growth and like last year fuel weighed on profits. We’ve adjusted our 2018 forecast downwards due to the disappointing quarter coupled with second-quarter guidance. WestJet pilots will decide by May 10 whether they will strike and a strike could occur as early as May 19. A strike isn’t reflected in our 2018 estimates, but we do forecast lower bookings.Our 2019 forecast entails hig...
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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