Westjet 2012 Annual Report Download - page 44

WestJet 2012 Annual Report / 44
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roviders on c
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ur success w
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ersonnel. Ou
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hat we need
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mployees at a
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ur financial
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e are expos
e
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onetary asse
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luctuations in
t
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ollars; howev
e
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oreign currenc
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uture direct ai
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ur mainten
a
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he average a
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n
the future.
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n 2013, we
e
a
pproximately
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p
eriod until th
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ngines expec
t
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eserve payme
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xpected to be
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significant
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inancial con
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ur strong cor
p
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l
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ulture of cari
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aintain our u
n
a
nt transition
c
v
ery dates, whi
e
rially adversel
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ive perception
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pendent on G
e
rsely affected
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y as the sole
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obtain parts,
m
ommercially r
e
r
vice providers
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tain key per
s
w
ill depend, in
o
me unable t
o
t
our business.
labour intensi
v
r
growth and
h
year. There
c
to meet our
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reasonable c
o
results are
af
e
d to foreign
e
t
s and our ope
irport operati
o
t
he US-dollar e
d to fluctuatio
e
purchase co
m
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r, the aircraft
c
y fluctuations
r
craft deliverie
s
m
itments that
w
a
nce costs w
i
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e of our fleet
a
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ur maintenan
c
w
arranty, with
e
xpect to over
U
S$55 to $60
e
next overhau
l
t
ed to be over
h
n
ts, from whic
overhauled in
change in o
u
s
equences.
p
orate culture
l
oyees are co
m
n
g and compa
s
n
ique corporat
e
c
osts and, addi
t
ch could adve
r
y affected in
t
s
from the tra
v
eneral Electric
in the event o
f
s
upplier of airc
r
m
aterials, inv
e
e
asonable ter
m
may negativel
y
s
onnel could
part, on the
o
continue in t
h
v
e and require
s
general turn
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c
an be no ass
u
g
rowth plans
o
st, our busine
s
f
fected by fo
r
e
xchange risk
s
rating expendi
t
o
n costs. Sinc
e
xchange rate
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ns in the US-
d
m
mitments. H
i
t
are paid for
i
prior to each
d
s
. We are also
w
ill be financed
il
l increase a
s
a
t December 3
c
e costs will in
c
an additional
1
haul 12 engi
n
million. Overh
a
l
. Overhaul co
s
h
auled in 201
3
h we expect t
o
2013 are own
e
u
r unique co
r
is one of our
m
mitted to, a
n
s
sion for our
g
e
culture or gu
e
t
ionally, aircra
f
r
sely affect ou
r
t
he event of
a
v
elling commu
n
as our sole s
u
f
a mechanical
r
aft engines fo
e
ntory, consu
m
m
s will also i
m
y
impact our o
p
har
m
our bu
s
retention of
m
h
eir present r
o
s large numbe
r
o
ver requires
u
u
rance that we
or replace de
p
s
s, operating r
e
r
eign excha
ng
s
arising from
tures, mainly
a
e our revenu
e
w
ith respect to
d
ollar exchang
e
i
storically, the
i
n US funds a
t
d
elivery date.
W
exposed to ge
n
at prevailing
m
s
our fleet ag
e
1, 2012, was
6
crease as our
f
1
0 coming off
w
n
es, 16 sets o
a
ul costs on o
w
s
ts on leased
c
3
, three are o
w
o
claim reimb
u
e
d, and the fiv
e
r
porate cult
u
fundamental c
n
d passionatel
y
g
uests and fel
l
e
st experience
f
t may not be
a
r
business, op
e
a
mechanical
o
n
ity.
u
pplier of airc
r
or regulatory
r our Q400 air
c
m
ables and se
m
pact our low
perating result
s
s
iness.
m
embers of o
u
o
le, we may h
a
r
s of pilots, flig
u
s to locate,
will be able t
o
parting emplo
y
e
sults and fina
n
ng
e and inter
e
fluctuations i
n
a
ircraft fuel, ai
r
e
are receive
d
these paymen
e
rate relating
purchase of
o
t
the date of
e
W
e continuous
l
n
eral market fl
m
arket rates.
e
s.
6
.7 years. The
s
fleet ages and
w
arranty in 20
f landing gea
r
w
ned compon
e
c
omponents ar
e
w
ned and nin
e
u
rsement of th
e
e
airframes ex
p
u
re or guest
e
ompetitive ad
v
y
pursue, our
l
ow employee
s
could adverse
s
a
vailable at si
m
e
rating results
o
r regulatory i
r
aft engines o
n
issue associat
e
c
raft commitm
e
rvices from t
h
cost operati
n
s.
u
r manageme
n
a
ve difficulty r
g
ht attendants,
hire, train an
d
o
locate, hire,
t
y
ees. If we a
n
cial condition
e
st rate fluc
tu
n
exchange r
a
r
craft leasing
e
d
primarily in
n
t obligations.
to the purcha
o
ur aircraft is
e
ach aircraft d
e
ly review fina
n
uctuations of i
s
e aircraft requ
warranties ex
13.
r
, and five ai
r
e
nts are separ
a
e
accrued for i
e
are leased.
T
e engine over
h
p
ected to be o
v
e
xperience c
o
v
antages. We
s
values, missio
s
that sets us
e
ly affect our b
u
s
m
ilar prices or
and financial
c
ssue associat
e
n
our 737 flee
t
e
d with our en
e
nts.
h
ird party ven
d
n
g structure a
n
n
t and key p
e
r
eplacing thes
e
mechanics, c
u
d
retain a si
g
t
rain and retai
n
re unable to
could be adve
tu
ations.
a
tes on our U
S
e
xpense, certa
i
Canadian doll
se of the 35 r
financed by f
e
livery. As a r
e
n
cing alternativ
nterest rates,
a
u
ire less maint
e
pire. At Dece
m
r
frames, at a
n
a
tely capitalize
d
n our mainten
a
T
he related le
a
h
aul costs. Th
e
v
erhauled in 2
0
co
uld have a
d
s
trive to main
t
o
n and vision.
apart from o
u
u
siness and fi
n
s
received durin
g
c
ondition. In a
d
e
d with the ai
r
t
and would t
h
gines. We are
d
ors and outs
n
d the loss o
f
e
rsonnel. If a
n
e
individuals,
w
u
stomer servic
e
g
nificant num
b
n
the qualified
hire and retai
rsely affected.
S
-dollar-deno
m
i
n maintenanc
e
l
ars, we are
e
r
emaining 737
f
unds drawn i
n
e
sult, we are
e
v
es available t
o
a
s we have fut
e
nance now th
a
m
ber 31, 2012,
n
estimated t
o
d
and amortiz
e
ance provision
a
ses require m
e
16 sets of la
0
13 are leased
d
verse opera
t
t
ain an innova
t
We also fost
e
u
r competitors
.
n
ancial results.
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g
the same
ddition, we
r
craft type,
h
erefore be
dependent
ide service
f
any such
n
y of these
w
hich could
e
and other
b
er of new
employees
n qualified
m
inated net
e
costs and
e
xposed to
aircraft for
n
Canadian
e
xposed to
o
us for our
ure aircraft
a
n they will
76 aircraft
o
tal cost of
e
d over the
. Of the 12
aintenance
nding gear
.
t
ional and
t
ive culture
e
r a unique
.
Failure to