Westjet 2005 Annual Report Download - page 9

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2005 WESTJET ANNUAL REPORT
7
Our estimated domestic market share has now grown
to 32%, an improvement of 3% over last year, with much
of this being focused in the east and central parts of Canada.
For example, we now offer 268 scheduled flights per week
out of Toronto. This represents a tenfold increase from
when we first launched service in Toronto in May of 2002,
when we offered just 26 scheduled flights per week.
Our single largest challenge for 2006 remains the
volatility in the price of jet fuel. However, I am fairly
optimistic that one element of that cost, the cost of refining
oil to jet fuel, should ease as the damaged refineries in the
US get back into full production this year. We can now
look forward to the addition of 12 new aircraft to our fleet
this year for a net growth of eight aircraft, which will bring
our ASM growth for 2006 to 14% over our existing capacity.
In 2006, we will be proudly celebrating our 10th
anniversary since we first took to the skies on February 29,
1996. Despite the numerous challenges we have faced
over the last decade, we have continuously maintained
and improved our airline and continue to grow while
operating with the lowest costs possible. Many of the cost
challenges faced by the industry in 2005 will undoubtedly
continue through the year ahead, with high fuel prices of
particular concern. Nonetheless, I am confident that with
the great team of people we have at WestJet, we will enjoy
many successful years to come.
I would like to thank all of our people who have worked
so diligently through yet another demanding year and our
shareholders for their continued support of WestJet.
On behalf of the Board,
Clive Beddoe
Executive Chairman,
President and Chief Executive Officer
WestJet Airlines Ltd.
February 7, 2006
Our launch of these new transborder
markets has been extremely successful,
and is particularly rewarding after the
many months of hard work...