• Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

For Immediate Release | Official News Wire for the Travel Industry

Where press releases are breaking news

  • Home
  • Post a press-release
  • Visibility packages
  • Subscribe email updates
  • Event Calendar
  • Contact

WestJet suspends 2019 financial guidance over Boeing 737 MAX grounding

March 18, 2019 by Forimmediaterelease

Today WestJet announced that following Transport Canada’s safety notice closing Canadian airspace to Boeing 737 MAX aircraft until further notice, the Federal Aviation Administration’s temporary grounding order and Boeing’s decision to suspend all MAX deliveries to airline customers, it is suspending all 2019 financial guidance provided on December 4, 2018 and February 5, 2019. The financial guidance provided with respect to earnings per share (EPS), return on invested capital (ROIC) and cumulative free-cash flow over the period of 2020-2022 remains in place until further information is known.

Through proactive planning and preparation for a variety of scenarios, including grounding, WestJet enacted its contingency plan immediately and grounded all thirteen of its MAX aircraft within 55 minutes of Transport Canada’s order with only three MAX aircraft outside of its Canadian jurisdiction. WestJet continues to implement and execute its contingency plan to minimize guest disruption and any financial impact. For the remainder of the first quarter WestJet expects it will be able to protect approximately 86 per cent of guests booked on MAX flights and cover approximately 75 per cent of the flights that were intended to operate on the MAX with other aircraft.


GOT NEWS? click here

possible to reach millions worldwide
Google News, Bing News, Yahoo News, 200+ publications



GOT NEWS? click here

possible to reach millions worldwide
Google News, Bing News, Yahoo News, 200+ publications


Travel News | eTurboNews

Share this:

  • Twitter
  • Facebook

Related

Filed Under: Press Release Tagged With: and, announced, aviation, Aviation Administration, Aviation News, aviation-website, Boeing, Boeing 737, booked, Breaking Travel News, Canada, Canada Travel News, Canadian, capital, cash, closing, continues, Corporate News, cover-up, customers, December, decision, deliveries, disruption, earnings, execute, federal, Federal Aviation Administration, financial, financial guidance, financial impact, first, first quarter, flights, following, free, grounded, grounding, guests, guidance, immediately, impact, in, including, information, International Travel News, IT, MAX, MAX aircraft, MAX grounding, minutes, notice, only, operate, order, outside, over, period, Place, plan, planning, protect, quarter, remains, respect, return, s, Safety, Share, suspend, suspending, suspends, temporary, through, to, today, tourism, transport, Transport Canada, Transportation News, Travel Disaster & Emergency News, Travelwire News, variety, were, WestJet, World News

HANDS:Wash them often  ELBOW:Cough into it  FACE:Don’t touch it  SPACE:Keep safe distance  HOME:Stay if you can


Click here to support our hard-working global team and their families!


Search




Recent Articles

  • Jamaica welcomes new Frontier Airlines service to Montego Bay
  • New Board of Governance appointed for the Seychelles Tourism Academy
  • Minister Bartlett Laments Passing of Former Tourism Minister Francis Tulloch
  • Seychelles takes over Eastern Europe with market blitz
  • VOYAGERS TRAVEL COMPANY CREATES A PRICE ESTIMATOR TOOL FOR GALAPAGOS TRAVEL
  • Jamaica welcomes new charter service from Fort Lauderdale to Ocho Rios by Qcas Aero
  • Bartlett Calls for COVID-19 Recovery Strategy for Commonwealth Countries
  • Fraport Builds New Airfreight Warehouse at CargoCity South 
  • Joseph Calleja, World Famous Maltese Tenor, to Perform at the 25th Anniversary Concert in Malta, the Hidden Gem of the Mediterranean, With Special Guest Plácido Domingo July 26, 2022
  • Bahamas Tourist Office Kicks Off Summer Boating Flings

Copyright © 2022 · Metro Pro on Genesis Framework · WordPress · Log in