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BRIEF-Westjet Sees FY19 RASM In Range Of 2 Pct To 4 Pct Year Over Year

Published 2018-12-04, 06:43 a/m
Updated 2018-12-04, 06:50 a/m
BRIEF-Westjet Sees FY19 RASM In Range Of 2 Pct To 4 Pct Year Over Year

Dec 4 (Reuters) - WestJet Airlines Ltd WJA.TO :

* WESTJET INVESTOR DAY PROVIDES TARGETS FOR 2019-2022

* WESTJET AIRLINES LTD - FOR FULL YEAR OF 2019, RASM IS EXPECTED TO BE IN RANGE OF UP 2.0 PER CENT TO 4.0 PER CENT YEAR OVER YEAR

* WESTJET AIRLINES LTD - IN 2019, WESTJET CONTINUES TO EXPECT SYSTEM-WIDE CAPACITY GROWTH OF BETWEEN 6.5 AND 8.5 PER CENT

* WESTJET AIRLINES LTD - FOR FY 2019, CASM, EXCLUDING FUEL AND EMPLOYEE PROFIT SHARE IS EXPECTED TO BE FLAT TO UP 2.0 PER CENT YEAR OVER YEAR

* WESTJET AIRLINES LTD SEES 2019 CAPITAL EXPENDITURES ARE EXPECTED TO BE BETWEEN $1.0 BILLION AND $1.2 BILLION

* WESTJET AIRLINES LTD - IN ADDITION, WESTJET HAS IDENTIFIED ANNUAL COST SAVINGS OPPORTUNITIES OF $200 MILLION THROUGH 2020.

* WESTJET AIRLINES LTD - IN 2019, CO CONTINUES TO EXPECT DOMESTIC CAPACITY GROWTH OF BETWEEN 1.0 AND 3.0 PER CENT

* WESTJET AIRLINES LTD - COST SAVINGS OPPORTUNITIES ARE SPREAD OVER SEVERAL INITIATIVES

* WESTJET AIRLINES LTD - SESS IMPROVED EPS PERFORMANCE WITH A COMPOUND ANNUAL GROWTH RATE (CAGR) OF GREATER THAN 40 PER CENT FROM 2018 TO 2022

* WESTJET AIRLINES LTD - IN 2019, WESTJET EXPECTS TO EXPAND MARGINS

* WESTJET AIRLINES LTD - WESTJET EXPECTS HEIGHTENED CAPITAL EXPENDITURES OF APPROXIMATELY $1.1 BILLION IN 2019

* WESTJET AIRLINES LTD - EXPECTS CAPITAL EXPENDITURES OF APPROXIMATELY $980 MILLION IN 2020 AND APPROXIMATELY $1.1 BILLION IN 2021

* WESTJET AIRLINES LTD - SEES HEIGHTENED CAPEX OF ABOUT $1.1 BILLION IN 2021 AS BOEING 787 DREAMLINERS ARE INDUCTED INTO FLEET

* WESTJET AIRLINES LTD - WESTJET ESTIMATES ITS ADJUSTED NET DEBT TO EBITDAR TO END 2022 AT 1.0.

* WESTJET AIRLINES LTD - FROM 2019-22, EXPECTS TO DELIVER CUMULATIVE FREE CASH FLOW OF $900 MILLION TO $1.1 BILLION

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