Westjet 2003 Annual Report Download - page 2

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WestJet Airlines Ltd. is Canada’s leading low-fare airline,
and is based in Calgary, Alberta. At year-end 2003, WestJet
employed 3,973 people, and carried 7.0 million guests
to its 24 destinations of Victoria, Comox, Vancouver,
Abbotsford/Fraser Valley, Prince George, Kelowna, Grande
Prairie, Calgary, Edmonton, Fort McMurray, Saskatoon,
Regina, Winnipeg, Thunder Bay, Windsor, London,
Hamilton, Toronto, Ottawa, Montréal, Moncton, Halifax,
Gander and St. John’s. As at December 31, 2003, WestJet’s
fleet consisted of 44 Boeing 737 aircraft. WestJet is publicly
traded on the Toronto Stock Exchange under the symbol WJA.
Jay Aguinaldo, Accountant: Likes nothing more than riding
his motorbike – especially to a good BBQ.
The greatest power that a person
possesses is the power to choose.
– J. Martin Kohe
CONTENTS
4Financial Overview
8Choice Words from the President
12 WestJet Chooses to Give
16 Management’s Discussion and
Analysis of Financial Results
38 Management’s Report
to the Shareholders
39 Auditors’ Report
to the Shareholders
40 Financial Statements
43 Notes to Financial Statements
55 The WestJet Top 10
56 WestJet’s Executive Team
58 The Choice is Yours
Jean-Louis Allard, Team Leader, Winnipeg: Likes roasting his
own coffee ... maybe BeanLand is in his future?
Lynn Kielniak, Team Leader, Winnipeg: She can
rollerblade backward. Unfortunately,
she has yet to learn how to stop.
2003 WestJet Annual Report |4
On February 29, 1996, WestJet begins operations with 220 employees and three aircraft serving Vancouver, Kelowna, Calgary, Edmonton, and Winnipeg.