WestJet is pursuing ambitious plans that include launching a ULCC arm and expanding internationally.
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...
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