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WestJet 2012 Annual Report / 53
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l
f
lows from op
e
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ifferent sourc
e
o
n page 35; o
u
e
ffect upon ou
r
o
ur expectatio
n
h
eading
Aircra
ft
M
arch 13, 201
3
a
n application
s
hares pursuan
p
urchased pur
s
w
ill moderate
c
omparisons
a
2
013 aircraft
d
O
utloo
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on pa
g
b
asis, as referr
e
2
013 will incre
a
c
apacity will in
c
q
uarter of 201
3
9
6 cents per lit
f
irst quarter an
2
012, referred
b
etween $430
r
eferred to un
d
g
enerating and
r
espect to the
O
ur maintena
nc
a
ccounting poli
u
nder the hea
d
R
eaders are c
a
n
formation, al
t
r
eliance should
his MD&A, we
Our plans to
2013 along
Encore sche
d
project plan
for receipt of
Our plans to
based on
investment i
n
Our expecta
t
completed b
y
intention to
bundles duri
n
provide incr
e
$50 million t
on our curr
e
project an
d
enhancemen
t
l
obligations a
e
rations and f
u
e
s of liquidity t
h
u
r assessment
r
financial posi
t
n
that we will
ft
operating le
a
3
on March 28,
to the TSX to
t to the norm
a
s
uant to such
b
RASM growth
a
nd increase i
n
d
eliveries of fi
v
g
e 39; our exp
e
e
d to under th
e
a
se by five to
s
c
rease by five
t
3
, as referred
t
re for the first
d 2013 full-ye
a
to under the
h
and $450 mil
l
d
er the headin
g
returning val
u
overhaul of 1
2
nc
e costs will i
n
cy standards,
ing
Future ac
co
a
utioned that
t
hough consid
e
not be place
d
have made th
e
launch West
J
with our inte
n
d
ule in Februa
r
for our regio
n
f
regulatory ap
p
make WestJet
the Corpor
a
n
itiatives;
t
ion that the f
y
the end of t
h
introduce to
t
n
g the first h
a
e
mental reven
u
o $80 million
o
e
nt strategic p
d
the co
m
t
s;
nd commitme
n
u
ture sources
h
an we histori
c
that the outco
t
ion, results of
fund operatin
g
a
se
s
on page 3
7
2013, referre
d
initiate a fur
t
a
l course issue
r
b
id, referred to
and margin
e
n
system-wide
v
e Boeing 737
e
ctation that 2
0
e heading
Ou
tl
s
ix per cent, a
s
t
o six per cent
t
o under the h
e
quarter of 20
1
a
r CASM, exclu
h
eading
Outlo
o
ion and 2013
g
Outlook
on
p
u
e to our shar
e
2
engines, 16
s
n
crease as our
amendments
a
co
unting prono
u
our expectati
e
red reasona
b
d
on forward-l
o
e
following ke
y
J
et Encore in
t
n
tion to anno
u
r
y 2013 is ba
s
al airline and
p
rovals;
Hero Holiday
a
a
tion’s long-
t
f
leet reconfigu
r
h
e first quarte
r
t
he market t
h
a
lf of 2013 w
h
u
e opportuniti
e
o
n an annuali
z
l
an for the fl
e
m
pletion of
n
ts through o
u
of aircraft fin
a
c
ally have, ref
e
me of legal pr
o
operations or
g
leases and
c
7
; our intentio
n
d
to under the
t
her normal c
o
r
bid on the op
under the he
a
e
xpansion in
t
capacity, ref
e
aircraft and
s
0
13 system-wi
d
tl
oo
k
on page
3
s
referred to u
n
year-over-yea
r
eading
Outloo
k
1
3, as referred
ding fuel and
e
ok
on page 39
;
first quarter
c
p
age 39; our
b
e
holders, refer
r
s
ets of landing
fleet age
s
on
a
nd interpreta
t
u
ncement
s
on
ons, estimate
s
b
le at the tim
e
ooking statem
y
assumptions:
t
he second ha
l
u
nce the We
s
s
ed on the cur
r
anticipated ti
m
an annual eve
n
t
erm comm
u
r
ation will be
f
r of 2013 and
h
ree different
f
h
ich we expec
e
s in the rang
e
z
ed basis is b
a
e
et reconfigura
certain sys
u
r current cas
h
ancing and e
x
e
rred to under
t
oceedings in t
h
cash flow, ref
e
c
ommitments
t
n
to pay the 2
0
heading
Quar
te
o
urse issuer bi
d
en market thr
o
a
ding Normal c
o
t
he first quart
e
rred to under
s
even Bombar
d
d
e capacity wil
3
9; our expect
a
n
der the headi
n
r
in 2013 and
d
k
on page 39;
to under the
h
e
mployee profi
;
our expectati
c
apital expendi
b
elief that our
r
ed to under t
h
gear and five
page 44; and
tions, includin
g
page 51.
s
, projections
e
of preparati
o
ents. With res
l
f of
s
tJet
rent
m
ing
n
t is
u
nity
f
ully
our
fare
t to
e
of
a
sed
tion
tem
Our k
e
all ma
j
our c
u
Our e
x
move
m
mana
g
progr
a
Our e
s
prices
sched
u
dollar
Our e
Cana
d
opera
t
portio
n
excha
n
for th
e
s
h
and cash e
q
x
pectations to
the heading
Co
h
e normal cou
e
rred to under
t
hrough cash
f
0
13 first quart
e
te
rly dividend
p
d
along with
o
o
ugh the facilit
o
urse issuer bi
t
er of 2013,
n
the heading
O
d
ier Q400 airc
l increase bet
w
a
tion that syst
e
n
g
Outlook
on
d
own two to t
h
our projection
h
eading
Outlo
o
i
t share, will b
e
i
on that full-ye
i
tures will ran
g
ROIC target
o
h
e heading
Ou
t
e
airframes in
2
our expectati
o
g
the impact
o
and assumpt
i
o
n, may prove
s
pect to forwa
r
e
y strategy to
jor geographic
u
rrent strategic
x
pectation tha
t
m
ents in f
u
g
ement strate
g
a
m is based o
n
stimated sensi
is based on
ule and histori
c
exchange rate
e
stimated sen
s
d
ian dollar vers
t
ing expenses
n of aircraft l
e
nge forward c
e
Canadian dol
s
q
uivalents bal
a
our future a
b
Co
ntractual obli
g
rse of busines
s
the heading
C
f
rom operatio
n
e
r dividend to
s
p
olicy
on page
3
o
ur intention,
t
ies of the TSX
d on page 38;
n
otwithstandin
g
O
utloo
k
on pa
g
c
raft, as referr
e
w
een 7.5 and
8
e
m-wide capac
page 39; our
e
h
ree per cent y
e
of fuel costs
t
ok
on page 39
;
e
up two to th
r
e
ar 2013 capit
a
g
e between $
1
o
f 12 per cent
t
loo
k
on page
3
2
013, as refer
r
o
ns with respe
c
o
f such on the
ions used in
to be imprec
r
d-looking info
establish part
n
c
al regions aro
u
c
plan;
t
we will conti
n
u
el prices
g
y and that we
n
our risk man
a
tivity to fuel
c
our fuel cons
cal fuel burn,
a
e
similar to the
s
itivity to the
s
us the US doll
a
denominated i
e
asing expens
e
ontracts, as
w
lar similar to t
h
s
a
nce combined
b
ility to acces
s
g
ations and c
om
s
will not have
C
ontingencie
s
o
n
s, referred to
s
hareholders o
3
8; our intenti
o
if approved, t
o
and to cancel
our expectati
o
g
the difficult
g
e 39; our ex
p
e
d to under t
h
8
.5 per cent o
n
c
ity for the firs
t
e
xpectation th
a
ear-over-year
f
t
o range betw
e
;
our anticipati
o
r
ee per cent c
o
a
l expenditure
s
1
40 and $150
will allow us
t
3
9; our expect
r
ed to under t
h
c
t to the impa
c
e
Corporation,
the preparati
o
c
ise and, as s
u
rmation conta
i
n
ership with a
i
u
nd the world
i
n
ue to mitigat
e
through our
e
may re-visit
o
a
gement polici
e
c
osts and cha
n
umption for
o
a
s well as a C
a
current rate;
change in v
a
ar is based on
i
n US dollars,
e
e
s hedged un
d
w
ell as the exc
h
e current ma
r
d
with cash
s
similar or
om
mitment
s
e
a material
o
n page 35;
under the
f record on
o
n to make
o
purchase
any shares
o
ns that we
prior year
p
ectation of
h
e heading
n
a full-year
t
quarter of
a
t domestic
f
or the first
e
en 94 and
o
n that our
o
mpared to
s
will range
million, as
t
o continue
t
ations with
h
e heading
c
t of future
referred to
o
n of such
u
ch, undue
i
ned within
i
rlines from
i
s based on
e
the risk of
revenue
o
ur hedging
e
s;
n
ges in fuel
o
ur existing
a
nadian-US
a
lue of the
forecasted
e
xcluding a
d
er foreign
hange rate
r
ket rate;