Westjet Looks to Stick the Landing on 2019 Revenue Initiatives; Slightly Raising Our FVE
Our updated fair value estimate for Westjet is slightly higher at $21 (previously $20) following fourth-quarter results that bested street expectations. Revenue per available seat mile (RASM) growth for the final quarter in 2018 was a little under 1%, leaving full-year RASM down over 1%, but fourth- and first-quarter bookings paired with solid premium product roll-outs boosted our confidence in 2019’s yield environment. In lieu of first-quarter demand commentary on premium bookings, we raised ou...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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