May 2, 2017 / 4:13 PM / 4 months ago

BRIEF-Westjet says expects FY capital expenditure to be $1 bln - conf call

May 2 (Reuters) - Westjet Airlines Ltd:

* Says for full year, now expect capital expenditure to be $1 billion versus previous guidance of about $900 million to $920 million - conf call

* Westjet says difference in FY capital expenditure guidance primarily driven by signing & deposits relating to agreement with boeing among others - conf call

* Westjet says for the second quarter of 2017, expect capital expenditures to be between $380 million and $400 million - conf call

* Says for the second quarter of 2017, expect CASM, excluding fuel and employee profit share, to be up 1.0 pct to 1.5 pct - conf call

* Says for full year 2017, continue to expect casm, excluding fuel and profit share, to be up 2.5 pct to 3.5 pct - conf call

* Westjet says for Q2, expect fuel cost to range between $0.65 and $0.67 per liter, representing increase of approximately 23 pct at 26 pct - conf call

* Westjet says "the economic downturn in alberta has impacted us significantly" - conf call

* Westjet says "airline within an airline, looking at this as more of a separate vehicle than integrated" relating to its plan to launch ultra-low-cost carrier

* Westjet says, on its deal with boeing, that 787 aircraft are not financed and that it expects to pay for them using cash from operations - conf call

* Westjet says when Boeing's MAX aircraft come into the fleet, co will move 737s from its existing fleet to the planned ULCC - conf call Further company coverage:

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below