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STAYING TRUE
WESTJET ANNUAL REPORT 2010

Table of contents

  • Page 1
    STAYING TRUE WESTJET ANNUAL REPORT 2010

  • Page 2
    ... as committed as ever to what matters and selecting opportunities to grow in a measured way. In 2010, we stayed true by printing less paper for this report. Visit westjet.com/stayingtrue to read the story of how WestJet stayed true to its solid foundation and the principles that have continued to...

  • Page 3
    ... OF CONTENTS Financial overview President's message to shareholders Management's discussion and analysis of financial results 2010 Management's report to shareholders Independent auditor's report Consolidated financial statements Notes to consolidated financial statements Corporate information...

  • Page 4
    2 WestJet 2010 Annual Report

  • Page 5
    ... 2007 2008 2009 2010 RASM vs. CASM* (cents) Revenue (millions of dollars) Cash and cash equivalents (millions of dollars) RASM (revenue per available seat mile) CASM (cost per available seat mile) ($ in thousands, except per share data) Consolidated financial information Revenue Earnings...

  • Page 6
    ... our network and expand our global reach by offering our guests access to new destinations. Our long-term objective is to have a code-share partner from each of the major geographic regions of the world. In 2011, we will add fare products that increase flexibility for the business traveller and grow...

  • Page 7
    ... positive cash flow, maintain a strong balance sheet and fund our growth objectives. WestJet's brand strength and visibility are growing with additional frequencies in key Canadian business markets, further expansion in the vacations market and an expanding global reach with airline partnerships...

  • Page 8
    ...effect upon our financial position, results of operations or cash flow, referred to under the heading "Contingencies" on page 32; our intention to purchase shares pursuant to the normal course issuer bid on the open market through the facilities of the Toronto Stock Exchange (TSX), referred to under...

  • Page 9
    ... delivered to our standards and expectations was based on our strategic plan with respect to our 757-200 flights; • our expectation that our checked baggage policy will help offset the impact of rising fuel costs was based on our preliminary financial analysis; WestJet 2010 Annual Report 7

  • Page 10
    ... key strategic initiatives that include expanding airline partnerships, enhancing our focus on the business traveller, growing WestJet Vacations revenue and increasing our market penetration for the co-branded WestJet Credit Card and WestJet Frequent Guest programs was based on our current strategic...

  • Page 11
    ...Total revenues divided by available seat miles. Cost per available seat mile (CASM): Operating expenses divided by available seat miles. Cycle: One flight, counted by the aircraft leaving the ground and landing. Utilization: Operating hours per day per operating aircraft. WestJet 2010 Annual Report...

  • Page 12
    .../Decima. The other airlines measured in the study were Air Canada, American Airlines, British Airways, Porter Airlines, Southwest Airlines, United Airlines and Virgin Atlantic. In addition to being the highest ranked airline, we also rated in the top three per cent 10 WestJet 2010 Annual Report

  • Page 13
    ... Service Excellence Award for North America at the 2010 World Airline Awards. These awards are based on the World Airline Survey, and are recognized for being the only truly global, independent passenger survey of airline standards. WestJet was also named in Travel + Leisure magazine's annual "World...

  • Page 14
    ... an increase of 26.6 per cent year over year. During 2010, we increased our fleet size by five, ending the year with 91 aircraft. With an average age of 5.2 years, we continue to operate one of the youngest fleets of any large North American commercial airline. 12 WestJet 2010 Annual Report

  • Page 15
    ...adjusted debt-to-equity and adjusted net debt to EBITDAR ratios; and diluted operating cash flow per share, to the nearest measure under Canadian GAAP. SELECTED ANNUAL AND QUARTERLY FINANCIAL INFORMATION Annual audited financial information ($ in thousands, except per share data) Total revenues Net...

  • Page 16
    ...042 12.92 Change 21.5% 21.4% 21.5% 6.8% During the quarter ended December 31, 2010, total revenues increased by 21.5 per cent to $692.8 million from $570.0 million in the same period of 2009, largely attributable to improved pricing and demand in the market. Guest revenues from our scheduled flight...

  • Page 17
    ... up 23.7 per cent from $5.20 per guest in the same quarter of the prior year. During the fourth quarter of 2010, we redesigned our corporate website, www.westjet.com, and, as a result of amending the booking flow to make the pre-reserved seating option more prominent, we have seen increases in these...

  • Page 18
    ... redesign of our corporate website. These increases are offset by the $2.4 million bad debt provision recorded in the fourth quarter of 2009 related to accounts receivable from our previous cargo service provider. Since January 2010, we have had a new cargo partner in place. Marketing, general and...

  • Page 19
    ... decrease was mainly attributable to the reclassification in 2010 of our onboard product costs from marketing expense to our airport operations. Our advertising expenses have also decreased, on an ASM basis, from the same quarter of the prior year. Aircraft leasing Our aircraft leasing costs in the...

  • Page 20
    ... guests to purchase flights when they are ready to book, rather than waiting for a seat sale. Our top-end fares were reduced by an average of 25 per cent, designed to offer excellent value for guests who need to book close to departure date. The volume of guests booking in these higher fare classes...

  • Page 21
    ... service fees, onboard sales, and partner and program revenue, provide an opportunity to maximize our profits through the sale of higher-margin goods and services, while enhancing our overall guest experience by providing guests with additional products and services to meet their needs. For 2010...

  • Page 22
    ... of 2010. With everyday low fares, guests are less likely to change their flights prior to departure date. In November 2010, we announced a charge of $20 to guests checking a second bag, effective for travel on or after Expenses January 19, 2011. Concurrent with this change, we reduced our fee for...

  • Page 23
    ...per cent of total Type WTI Year 2011 Instrument Call options operating costs for the year, as compared to approximately 28 per cent in 2009. Under our fuel price risk management policy, we are permitted to hedge a portion of our future anticipated jet fuel purchases for up to 36 months, as approved...

  • Page 24
    ..., our fuel costs per litre were $0.70 for 2010, an increase of 11.1 per cent from 2009. The following table presents the financial impact and statement presentation of our fuel derivatives on the consolidated balance sheet as at December 31, 2010 and 2009. 22 WestJet 2010 Annual Report

  • Page 25
    ... are commissions and incentives paid to travel agents, credit card settlement fees, GDS fees, transaction fees related to our reservation system, costs of our call centre, as well as sales and distribution costs associated with WestJet Vacations. Sales and distribution expenses increased to $255...

  • Page 26
    ... decreased by 16.0 per cent, to 1.00 cent in 2010. Marketing expenses decreased from the prior year primarily due to a reclassification of our onboard product costs to airport operations. We also incurred lower information technology (IT) costs from the prior year due to lower IT consulting and...

  • Page 27
    ...related to the departure of our previous CEO; and annual market and merit increases. Salaries and benefits expense for each department is included in the respective department's operating expense line item. Employee share purchase plan (ESPP) Our ESPP encourages employees to become owners of WestJet...

  • Page 28
    ... the PSUs. Stock-based compensation expense related to the ESU plan is included in marketing, general and administration expense. Foreign exchange Foreign exchange risk is the risk that the fair value of recognized assets and liabilities or future cash flow would fluctuate as a result of changes in...

  • Page 29
    ... On-time performance and completion rates are calculated based on the U.S. Department of Transportation's standards of measurement for the North American airline industry. Our bag ratio represents the number of delayed or lost baggage claims made per 1,000 guests. WestJet 2010 Annual Report 27

  • Page 30
    ... to weather conditions in this quarter versus the same quarter last year. During 2010, we introduced a new self-service option for baggage tagging in Calgary, Toronto, Vancouver, Montreal and Edmonton. Self-serve baggage tagging allows for our guests to use mobile, web or airport kiosk to check in...

  • Page 31
    ... as of February 1, 2011. The new ASU will likely increase the cost of export-credit access for all eligible airlines, including WestJet; however, we are confident that our strong balance sheet and credit will enable us to finance future aircraft deliveries at reasonable rates and terms. We have...

  • Page 32
    ... in 2009. In 2009, cash was used for aircraft additions of $118.7 million for the purchase of one leased aircraft during the year as well as deposits paid to Boeing on future owned aircraft deliveries. In 2010, we incurred $29.9 million in aircraft addition costs related to deposits paid, as no...

  • Page 33
    ... of six aircraft deliveries from 2012 (2), 2013 (1), 2014 (2) and 2015 (1) to 2017 (3) and 2018 (3). The deferral of these aircraft deliveries increases the flexibility in our fleet plan, as the revised delivery schedule allows us to better match the timing of the deliveries with the dates for...

  • Page 34
    ... TSX at the prevailing market price at the time of the transaction. Shares acquired under this bid will be cancelled. A shareholder may obtain a copy of the notice filed with the TSX in relation to the bid, free of charge, by contacting the Vice-President, Legal Services of WestJet, 22 Aerial Place...

  • Page 35
    ...During 2010, we engaged a relocation firm to purchase a single-family residence from the CEO for a guaranteed price of US $1.5 million in accordance with our relocation policy. The relocation firm will actively market the residence to locate an outside buyer. If the proceeds of the sale of the home...

  • Page 36
    ... risks related to our airline have been reviewed and assessed. RISKS RELATING TO THE BUSINESS Failure to achieve our growth strategy could have a material adverse effect on our financial condition and results of operations. Our growth strategy involves increasing the number of markets served...

  • Page 37
    ...we need to meet our growth plans or replace departing employees. If we are unable to hire and retain qualified employees at a reasonable cost, our business, operating results and financial condition could be adversely affected. Our financial results are affected by foreign exchange and interest rate...

  • Page 38
    ... conditions of the equity capital markets, the debt capital markets and the commercial bank market, as well as regulatory or other government-imposed changes, could adversely impact WestJet's access to and cost of financing which could harm our ability to meet our growth strategy. A limited number...

  • Page 39
    ...for market share. The airline industry is highly competitive and particularly susceptible to price discounting, since airlines incur only nominal costs to provide services to guests occupying otherwise unsold seats. We primarily compete with a small number of Canadian WestJet 2010 Annual Report 37

  • Page 40
    ... air travel. Laws relating to data collection on guests and employees for security purposes and counterbalancing privacy legislation have increased costs of operations. Any material changes that add additional requirements to collecting, processing and filing data with, or otherwise reporting data...

  • Page 41
    ...our financial condition and operating results. Delays contribute to increased costs and decreased aircraft utilization, which negatively affect profitability. Our business is dependent on its ability to operate without interruption at a number of key airports, including Toronto Pearson International...

  • Page 42
    ... 2010, our trade receivables accounted for $12.4 million (2009 - $8.7 million) of total receivables. The remainder is related to receivables from travel agents, interline agreements with other airlines and partnerships. All significant services and counterparties are reviewed and approved for credit...

  • Page 43
    ... relate to purchased aircraft and airport operations, approximates their carrying amounts as they are at a floating market rate of interest. At December 31, 2010, the fair value of our fixed-rate long-term debt was approximately $1,142.0 million (2009 - $1,323.1 million). WestJet 2010 Annual Report...

  • Page 44
    ... in accounting for our liability related to certain types of non-refundable guest credits. We issue future travel credits to guests for flight changes and cancellations, as well as for gift certificates. Where appropriate, future travel credits are also issued for flight delays, missing baggage and...

  • Page 45
    ... on the date of grant using the Black-Scholes option pricing model, and the fair value of our other equity-based share unit plans is determined based on the market value of our voting shares on the date of the grant. Upon the exercise of stock options or units, consideration received, together with...

  • Page 46
    ... accounting policy changes, training programs across the Finance Department and other affected areas of the business, and addressing opening IFRS balances for January 1, 2010. This phase also involves the collection of financial information necessary to prepare comparative IFRS financial statements...

  • Page 47
    ..., and includes a strategy to analyze effects on management and employee compensation arrangements and plans, and the related communications necessary if changes are required. New control requirements have been developed for the opening balance sheet, dual reporting period and the maintenance of IFRS...

  • Page 48
    ... of IFRS. Most adjustments required on transition to IFRS will be made retrospectively against opening retained earnings in the first comparative balance sheet. We do not anticipate any changes to the previously reported cash flows as a result of adopting IFRS. 46 WestJet 2010 Annual Report

  • Page 49
    ... the change in accounting for transaction costs, and a reduction of $1 million in non-refundable guest credits related to the change in accounting for soft dollar credit files. (v) The reduction in long-term debt is related to the change in the accounting treatment for transaction costs. (vi) Total...

  • Page 50
    ... current accounting policies and those required or expected to apply in preparing IFRS financial statements. The estimated impact for 2010 is discussed for certain of these differences. 1. Property, plant and equipment Componentization Canadian GAAP - Maintenance and repair costs for owned aircraft...

  • Page 51
    ... to guests as a sign of goodwill to be used towards future travel. These are recorded as an expense and as a liability at the issue date, and measured at incremental cost. IFRS - The issuance of discretionary credit files does not require a performance obligation to be fulfilled by WestJet, nor...

  • Page 52
    ... IFRS on WestJet will be derived directly from the accounting policy decisions made under other standards. 6. Share-based payments Canadian GAAP - Share-based awards are currently measured at fair value, with compensation expense being recognized over the vesting period. For equity-settled plans, we...

  • Page 53
    ... our key strategic initiatives that include expanding our airline partnerships, enhancing our focus on the business traveller, growing WestJet Vacations revenue, and increasing our market penetration for the co-branded WestJet Credit Card and WestJet Frequent Guest programs. Expanding the number of...

  • Page 54
    ... and Ottawa-Vancouver routes. These capacity extensions align with our code-share and business traveller strategies. For 2011, we anticipate total capital expenditures of $95 to $105 million, with the majority of the spending related to aircraft deposits and rotables. We purchased an aircraft in the...

  • Page 55
    ... and expanding the asset base. Free cash flow per share: Free cash flow divided by the diluted weighted average number of shares outstanding. Operating cash flow per share: Cash flow from operations divided by the diluted weighted average number of shares outstanding. WestJet 2010 Annual Report 53

  • Page 56
    ...358). (iii) Off-balance-sheet aircraft leases is calculated by multiplying the trailing twelve months of aircraft leasing expense by 7.5. As at December 31, 2010, the trailing twelve months of aircraft leasing costs totalled $142,242 (2009 - $103,954). (iv) The trailing twelve months are used in the...

  • Page 57
    ...except per share data) Net earnings, excluding special items Net earnings - GAAP Adjusted for: CEO departure (net of tax) Income tax rate reductions and estimate change Net earnings, excluding special items Diluted earnings per share, excluding special items Three months ended December 31 2010 $ 47...

  • Page 58
    ...Off-balance-sheet aircraft leases is calculated by multiplying the trailing 12 months of aircraft leasing expense by 7.5. As at December 31, 2010, the trailing 12 months of aircraft leasing costs totalled $142,242 (2009 - $103,954). ($ in thousands, except per share data) Free cash ï¬,ow Cash ï¬,ow...

  • Page 59
    CONSOLIDATED FINANCIAL STATEMENTS AND NOTES FOR THE YEARS ENDED DECEMBER 31, 2010 AND 2009 WestJet 2010 Annual Report 57

  • Page 60
    58 WestJet 2010 Annual Report

  • Page 61
    ... the shareholders. The auditors' report outlines the scope of their examination and sets forth their opinion. Gregg Saretsky President and Chief Executive Officer Vito Culmone Executive Vice-President, Finance and Chief Financial Officer Calgary, Canada February 8, 2011 WestJet 2010 Annual Report...

  • Page 62
    ..., 2010 and 2009, and the consolidated statements of earnings, shareholders' equity, comprehensive income and cash flows for the years then ended, and a summary of significant accounting policies and other explanatory information. Management's Responsibility for the Financial Statements Management is...

  • Page 63
    CONSOLIDATED STATEMENT OF EARNINGS For the years ended December 31 (Stated in thousands of Canadian dollars, except per share amounts) 2010 Revenues: Guest Other Expenses: Aircraft fuel Airport operations Flight operations and navigational charges Sales and distribution Marketing, general and ...

  • Page 64
    ...assets (note 6) Other assets (note 14) Liabilities and shareholders' equity Current liabilities: Accounts payable and accrued liabilities Advance ticket sales Non-refundable guest credits Current portion of long-term debt (note 7) Current portion of obligations under capital leases (note 8) $ 303...

  • Page 65
    ... settlements Issuance of shares pursuant to employee share purchase plan (Gain) loss on derivatives (Gain) loss on disposal of property and equipment Stock-based compensation expense Income tax credit Future income tax expense Unrealized foreign exchange loss Change in non-cash working capital 2009...

  • Page 66
    ... Balance, beginning of year Transfer of stock-based compensation expense on issued shares Issuance of shares pursuant to stock option plans Shares repurchased Issued on public offering Share issue costs Tax effect of share issue costs Issuance of shares pursuant to employee share purchase plan 2009...

  • Page 67
    ... STATEMENT OF COMPREHENSIVE INCOME For the years ended December 31 (Stated in thousands of Canadian dollars) 2010 Net earnings Other comprehensive income: Amortization of hedge settlements to aircraft leasing Net unrealized loss on foreign exchange derivatives under cash ï¬,ow hedge accounting...

  • Page 68
    ...baggage fees, buy-on-board sales, pre-reserved seating fees, and ancillary revenue from the frequent guest program. Included in other revenue is revenue from expired non-refundable guest credits recognized at the time of expiry. (e) Non-refundable guest credits The Corporation issues future travel...

  • Page 69
    ... FINANCIAL STATEMENTS For the years ended December 31, 2010 and 2009 (Stated in thousands of Canadian dollars, except share and per share amounts) 1. (f) Summary of significant accounting policies (continued) Frequent guest program (FGP) The Corporation has a frequent guest program that allows...

  • Page 70
    ... dollars, except share and per share amounts) 1. (g) Summary of significant accounting policies (continued) Financial instruments (continued) The Corporation will, from time to time, use various financial derivatives to reduce market risk exposure from changes in foreign exchange rates and jet...

  • Page 71
    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2010 and 2009 (Stated in thousands of Canadian dollars, except share and per share amounts) 1. (k) Summary of significant accounting policies (continued) Inventory Inventories are valued at the lower of cost and net ...

  • Page 72
    ... and share units and the unamortized portion of stock-based compensation on stock options and share units would be used to purchase shares at the average price during the period. The weighted average number of shares outstanding is then adjusted by the net change. 70 WestJet 2010 Annual Report

  • Page 73
    ... the capital structure, the Corporation may, from time to time, purchase shares for cancellation pursuant to normal course issuer bids, issue new shares, pay dividends and adjust current and projected debt levels. In the management of capital, the Corporation includes shareholders' equity (excluding...

  • Page 74
    ... FINANCIAL STATEMENTS For the years ended December 31, 2010 and 2009 (Stated in thousands of Canadian dollars, except share and per share amounts) 3. Capital management (continued) 2010 Adjusted debt-to-equity Long-term debt(i) Obligations under capital leases(ii) Off-balance-sheet aircraft...

  • Page 75
    ... in the open market. See note 10, Share capital for further disclosure. There were no other changes in the Corporation's approach to capital management during the year ended December 31, 2010. 4. Cash and cash equivalents As at December 31, 2010, cash and cash equivalents includes bank balances of...

  • Page 76
    ..., is guaranteed by the Ex-Im Bank and is secured by one 700-series aircraft. (v) Term loan repayable in monthly instalments of $108, including fixed interest at 9.03%, maturing in April 2011 with a final payment of $8,575, secured by the Calgary hangar facility. 74 WestJet 2010 Annual Report

  • Page 77
    ...CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2010 and 2009 (Stated in thousands of Canadian dollars, except share and per share amounts) 7. Long-term debt (continued) (vi) Term loan repayable in monthly instalments of $50, including ï¬,oating interest at the bank's prime rate...

  • Page 78
    ... will begin to expire in 2014. The Corporation has also recognized a benefit of $10,857 (2009 - $9,376) for unused corporate minimum tax credits, which are available for carryforward to reduce taxes payable in future years. These credits begin to expire in 2013. 76 WestJet 2010 Annual Report

  • Page 79
    NOTES TO CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2010 and 2009 (Stated in thousands of Canadian dollars, except share and per share amounts) 10. (a) Share capital Authorized Unlimited number of common voting shares The common voting shares may be owned and controlled ...

  • Page 80
    ... Issuance of shares pursuant to executive share unit plan Stock-based compensation expense on executive share units exercised Issued on public offering Issuance of shares pursuant to employee share purchase plan Share issue costs Tax effect of share issue costs Shares repurchased Balance, end of...

  • Page 81
    ... and outstanding voting shares at any time. Stock options are granted at a price that equals the market value of the Corporation's voting shares, have a term of up to five years and vest on either the first, second or third anniversary from the date of grant. Changes in the number of options, with...

  • Page 82
    ... were reserved for issuance under the ESU plan. The fair market value of the RSUs and PSUs at the time of grant is equal to the weighted average trading price of the Corporation's voting shares for the five trading days immediately preceding the grant date. 80 WestJet 2010 Annual Report

  • Page 83
    ...Corporation's equity-based plans: 2010 Stock option plan Key employee and pilot plan Executive share unit plan Total stock-based compensation expense Presented on the consolidated statement of earnings as follows: Flight operations and navigational charges Marketing, general and administration Total...

  • Page 84
    ...participant to receive cash equal to the market value of the equivalent number of shares of the Corporation. The number of DSUs granted is determined based on the closing price of the Corporation's common shares on the trading day immediately prior to the date of grant. Total compensation expense is...

  • Page 85
    ... residence from the President and Chief Executive Officer (CEO) for a guaranteed price of US $1,525 in accordance with the Corporation's relocation policy. The relocation firm will actively market the residence to locate an outside buyer. If the proceeds on the sale of the home to a third party...

  • Page 86
    ... the Corporation's accounts. In the remote event that all other contracting airlines withdraw from the arrangements and the Corporation remained as sole member, it would be responsible for the costs of the fuel facility corporations, including debt service requirements. As at November 30, 2010, the...

  • Page 87
    ...of Canadian dollars, except share and per share amounts) 13. (a) Financial instruments and risk management Fair value of financial assets and financial liabilities The Corporation's financial assets and liabilities consist primarily of cash and cash equivalents, accounts receivable, derivatives...

  • Page 88
    ... valuation technique used by the counterparty based on market inputs, including foreign exchange rates, interest rates and volatilities. These instruments are classified as level 2. There were no foreign exchange option contracts outstanding as at December 31, 2010. 86 WestJet 2010 Annual Report

  • Page 89
    ...control, such as significant weather events, geopolitical tensions, refinery capacity, and global demand and supply. For the year ended December 31, 2010, aircraft fuel expense represented approximately 29% (2009 - 28%) of the Corporation's total operating expenses. WestJet 2010 Annual Report 87

  • Page 90
    ...share amounts) 13. (c) Financial instruments and risk management (continued) Risk management (continued) Fuel risk (continued) Under the Corporation's fuel price risk management policy, the Corporation is permitted to hedge a portion of its future anticipated jet fuel purchases for up to 36 months...

  • Page 91
    ... thousands of Canadian dollars, except share and per share amounts) 13. (c) Financial instruments and risk management (continued) Risk management (continued) Fuel risk (continued) The following table presents the financial impact and statement presentation of the Corporation's fuel derivatives on...

  • Page 92
    ...270) per month for the period of January to December 2011 for a total of US $138,420 (2009 - US $65,430) at a weighted average contract price of 1.0264 (2009 - 1.0671) per US dollar to offset a portion of its US-dollar-denominated aircraft lease payments. Upon proper qualification, the Corporation...

  • Page 93
    ...the Corporation's accounts receivable were predominantly trade receivables of $12,446 (2009 - $8,673). The remainder related to receivables from travel agents, interline agreements with other airlines and partnerships. All significant services and counterparties are reviewed and approved for credit...

  • Page 94
    ... as at December 31, 2010. The analysis is based on foreign exchange and interest rates in effect at the balance sheet date, and includes both principal and interest cash ï¬,ows for long-term debt and obligations under capital leases. Total Accounts payable and accrued liabilities (i) Foreign...

  • Page 95
    .... (v) Incentives received by the Corporation for entering into various leasing and maintenance contracts. Amounts are deferred and recognized in net earnings on a straight-line basis over the term of the contract. (b) Supplementary cash ï¬,ow information 2010 Net change in non-cash working capital...

  • Page 96
    ...CONSOLIDATED FINANCIAL STATEMENTS For the years ended December 31, 2010 and 2009 (Stated in thousands of Canadian dollars, except share and per share amounts) 14. (c) Additional financial information (continued) Accumulated other comprehensive loss Cash ï¬,ow hedges - foreign exchange derivatives...

  • Page 97
    ... Stock Exchange under the symbols WJA and WJA.A. INVESTOR RELATIONS CONTACT INFORMATION Phone: 1-877-493-7853 Email: investor_relations @ westjet.com WESTJET HEADQUARTERS 22 Aerial Place NE Calgary, Alta. T2E 3J1 Phone: 1-403-444-2600 Toll-free: 1-888-293-7853 ANNUAL GENERAL MEETING (AGM) WestJet...

  • Page 98
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