Westjet 2009 Annual Report Download - page 6

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4 WestJet 2009 Annual Report
WEATHERING THE STORM. 2009 was a tough year to be an airline. The fi nancial turmoil in the second half of 2008 set the stage
for a diffi cult year to come, beginning with record oil prices and followed by fi nancial markets crashing, bankruptcies, bailouts
and a deep recession that reshaped the economic landscape. But while the economy showed weakness, WestJetters sure didn’t.