The general evaluation of WESTJET AIRLINES LTD. (CA), a company active in the Airlines industry, has been upgraded by the independent financial analyst theScreener with the addition of a star. Its fundamental valuation now shows 3 out of 4 possible stars while its market behaviour can be considered as defensive. theScreener believes that the additional star(s) merits the upgrade of its general evaluation to Positive. As of the analysis date December 17, 2019, the closing price was CAD 30.99 and ...
Rating Action: Moody's places WestJet's ratings under review for downgrade. Global Credit Research- 14 May 2019. Toronto, May 14, 2019-- Moody's Investors Service has placed WestJet Airlines Ltd.' s Ba1 Corporate Family Rating, Ba1-PD Probability of Default Rating and its Ba2 Senior Unsecured rating on review for possible downgrade.
We’re raising our fair value estimate to CAD 31 from CAD 19.70 for no-moat WestJet after it agreed to an all cash acquisition by Onex Corporation and its affiliated funds. The CAD 31 purchase price puts WestJet’s enterprise value at about $5 billion. We think this a great deal for shareholders considering it values shares at a 60% premium to our existing CAD 19.70 fair value estimate and 67% premium to WestJet’s May 10 close. WestJet’s Onex implies a valuation near 8 times 2018 EBITDA (e...
Westjet succeeded in the Canadian domestic market for years capitalizing on the low-cost carrier model and operating a duopoly with Air Canada. However, after 13 years of consistent profit generation, the carrier registered its first loss on rising oil prices and labor strike fears that stymied bookings. Westjet plans to improve returns by turning away from its low-budget origins, catering to more affluent travelers, and incorporating transatlantic and transpacific routes into its network. To fa...
We’re raising our fair value estimate to CAD 31 from CAD 19.70 for no-moat WestJet after it agreed to an all cash acquisition by Onex Corporation and its affiliated funds. The CAD 31 purchase price puts WestJet’s enterprise value at about $5 billion. We think this a great deal for shareholders considering it values shares at a 60% premium to our existing CAD 19.70 fair value estimate and 67% premium to WestJet’s May 10 close. WestJet’s Onex implies a valuation near 8 times 2018 EBITDA (e...
Westjet beat consensus expectations with first-quarter results that benefited from materially higher ancillary revenue and guest revenue over the prior year. During its call, Westjet updated investors on 737 MAX-related disruptions during first-quarter flying and gave contingency plans for cancellations through peak travel months. We maintain our CAD 19.70 fair value estimate after Westjet booked solid results on first-quarter cancellations and readied its fleet for groundings through August wit...
Westjet beat consensus expectations with first-quarter results that benefited from materially higher ancillary revenue and guest revenue over the prior year. During its call, Westjet updated investors on 737 MAX-related disruptions during first-quarter flying and gave contingency plans for cancellations through peak travel months. We maintain our CAD 19.70 fair value estimate after Westjet booked solid results on first-quarter cancellations and readied its fleet for groundings through August wit...
Westjet beat consensus expectations with first-quarter results that benefited from materially higher ancillary revenue and guest revenue over the prior year. During its call, Westjet updated investors on 737 MAX-related disruptions during first-quarter flying and gave contingency plans for cancellations through peak travel months. We maintain our CAD 19.70 fair value estimate after Westjet booked solid results on first-quarter cancellations and readied its fleet for groundings through August wit...
Rating Action: Moody's assigns Ba1 CFR to WestJet, downgrades senior unsecured rating to Ba2. Global Credit Research- 04 Apr 2019. Toronto, April 04, 2019-- Moody's Investors Service has assigned a Corporate Family Rating of Ba1, a Probability of Default rating of Ba1-PD, and a Speculative Grade Liquidity rating of SGL-2 to WestJet Airlines Ltd., and downgraded WestJet's senior unsecured ratings to Ba2 from Baa3.
Announcement: Moody's announces completion of a periodic review of ratings of WestJet Airlines Ltd. Global Credit Research- 27 Mar 2019. Toronto, March 27, 2019-- Moody's Investors Service has completed a periodic review of the ratings of WestJet Airlines Ltd and other ratings that are associated with the same analytical unit.
Announcement: Moody's announces completion of a periodic review of ratings of WestJet Airlines Ltd. Global Credit Research- 27 Mar 2019. Toronto, March 27, 2019-- Moody's Investors Service has completed a periodic review of the ratings of WestJet Airlines Ltd and other ratings that are associated with the same analytical unit.
Westjet succeeded in the Canadian domestic market for years capitalizing on the low-cost carrier model and operating a duopoly with Air Canada. However, after 13 years of consistent profit generation, the carrier registered its first loss on rising oil prices and labor strike fears that stymied bookings. Westjet plans to improve returns by turning away from its low-budget origins, catering to more affluent travelers, and incorporating transatlantic and transpacific routes into its network. To fa...
We plan to lower our fair value estimates for Southwest, Air Canada, and Westjet by 5%-6% after U.S. and Canadian authorities grounded Boeing 737 MAX aircraft following the second fatal crash in five months. Among the names we cover, the indefinite grounding affects Southwest, American Airlines, United Continental, Air Canada, and Westjet. We find Southwest, Air Canada, and Westjet the most affected because MAX aircraft make up 8% of Air Canada’s current fleet and most of its 2019 aircraft del...
We plan to lower our fair value estimates for Southwest, Air Canada, and Westjet by 5%-6% after U.S. and Canadian authorities grounded Boeing 737 MAX aircraft following the second fatal crash in five months. Among the names we cover, the indefinite grounding affects Southwest, American Airlines, United Continental, Air Canada, and Westjet. We find Southwest, Air Canada, and Westjet the most affected because MAX aircraft make up 8% of Air Canada’s current fleet and most of its 2019 aircraft del...
We plan to lower our fair value estimates for Southwest, Air Canada, and Westjet by 5%-6% after U.S. and Canadian authorities grounded Boeing 737 MAX aircraft following the second fatal crash in five months. Among the names we cover, the indefinite grounding affects Southwest, American Airlines, United Continental, Air Canada, and Westjet. We find Southwest, Air Canada, and Westjet the most affected because MAX aircraft make up 8% of Air Canada’s current fleet and most of its 2019 aircraft del...
We’re maintaining our fair value estimate for airlines operating Boeing’s 737 MAX 8 in light of potential Federal Aviation Administration-directed groundings. Plenty of uncertainty remains around what caused the March 10, 2019 Ethiopian Airlines crash that involved a newly delivered 737 MAX 8, so we don’t model a valuation impact from FAA induced cancellations. We realize the MAX 8’s second crash in five months could spook travel markets and weigh on demand, but we already bake in below ...
We’re maintaining our fair value estimate for airlines operating Boeing’s 737 MAX 8 in lieu of potential Federal Aviation Administration-directed groundings. Plenty of uncertainty remains around what caused the March 10, 2019 Ethiopian Airlines crash that involved a newly delivered 737 MAX 8, so we don’t model a valuation impact from FAA induced cancellations. We realize the MAX 8’s second crash in five months could spook travel markets and weigh on demand, but we already bake in below S...
A director at Westjet Airlines Ltd sold 150,000 shares at 21.032CAD and the significance rating of the trade was 73/100. Is that information sufficient for you to make an investment decision? This report gives details of those trades and adds context and analysis to them such that you can judge whether these trading decisions are ones worth following. Included in the report is a detailed share price chart which plots discretionary trades by all the company's directors over the last two years c...
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