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Stock impact report

WestJet budget carrier Swoop carrying mostly new flyers: company president [Reuters]

Spirit Airlines, Inc. (SAVE) 
Last spirit airlines, inc. earnings: 2/5 04:14 pm Check Earnings Report
US:NASDAQ Investor Relations: ir.spirit.com
Company Research Source: Reuters
WestJet budget carrier Swoop carrying mostly new flyers: company president | Reuters 2 Min Read QUEBEC CITY (Reuters) - WestJet Airlines Ltd’s new no-frills carrier Swoop said on Wednesday that most of its passengers are either new or infrequent flyers, helping the Canadian company’s two airlines avoid competing for the same passenger. Swoop President Steven Greenway said in an interview that more than 50 percent of its travelers had either never traveled by plane, or would not normally fly with WestJet or its domestic rival Air Canada. “Given our model we are not cannibalizing, we are creating a new market,” Greenway said by phone. Swoop, launched in June 2018 as an ultra low cost carrier will grow from six to 10 aircraft in 2019 as it adds frequency. But the airline will add fewer routes compared with the 19 it launched last year, he said. WestJet, Canada’s second largest carrier, said earlier this month it would take a prudent approach to adding capacity in 2019. WestJet is countin Show less Read more
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