March Lf's - Ws-86.1%; Porter-58.1%

[Lakelad]

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WestJet, Porter fly emptier planes in March

* WestJet load factor 86.1 pct from year-ago 86.2 pct
* Porter load factor 58.1 pct versus 59.8, yr-ago
* WestJet capacity up 8.4 pct

April 3 (Reuters) - WestJet Airlines Canada's No. 2 carrier, and regional carrier Porter Airlines Inc said passenger levels fell in March from a year earlier.

WestJet said its load factor, or the percentage of available seats filled with paying customers, fell 0.1 percentage points to 86.1 percent.

Traffic for Calgary-based WestJet increased 8.2 percent, while capacity, measured in available seat miles, rose 8.4 percent from March 2012.

Porter Airlines, which competes with Air Canada and WestJet on certain short-haul flights in Canada and a handful of routes to the United States, said load factor slipped 1.7 percentage points to 58.1 percent.

Capacity for Porter Airlines rose 0.7 percent and traffic fell 2.1 percent for March, from a year earlier.

Shares of WestJet, which has a market value of C$3.11 billion, were down about a percent at C$25 on the Toronto Stock Exchange on Wednesday. (Reporting by Krithika Krishnamurthy in Bangalore; Editing by Saumyadeb Chakrabart)
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[Guest ziggy]

$3.31 I believe would be ac.b

[Lakelad]

$3.31 I believe would be ac.b

Yes, Reuters subsequently issued a correction and original posting has been amended.

[Thebean]

$3.31 I believe would be ac.b

If WJA were $3.31, there'd be people splatting on sidewalks on Bay Street......

Another example of stellar reporting by star "journalists"...

Porter's 1Q capacity represented under 6% of WJ's 1Q capacity.

It's amazing that even being based in Toronto, the city that generates, far and away, the largest traffic in Canada, and even with all that traffic being spilled by WJ and presumably AC due to both spring breaks and Easter being jammed into March, that Porter hasn't figured out a way to capture even a small proportion of the spill traffic it to boost traffic, but more importantly, revenues and profitability.

No one builds a factory that consistently operates at 60% capacity.

It wouldn't make any sense to do so.

[rudder]

With the rate that Porter pilots are are leaving, the Porter 'experiment' is facing even more daunting operational and financial challenges in 2013 than a perpetual 60% LF.

Porter = great product but little chance of sustained profitability if it sticks to its current model.

[boestar]

Actually Bean there is just such a "Factory" Ontario Power Generation has a plant currently operating at 1.5% of capacity. So what do they do? Build another one.

[moeman]

Transmitted by CNW Group on : April 3, 2013 16:00
Air Canada Reports Record March Load Factor

MONTREAL, April 3, 2013 /CNW Telbec/ - For the month of March, Air Canada reported a record system load factor of 83.5 per cent, versus 81.5 per cent in March 2012, an increase of 2.0 percentage points. System traffic increased 3.4 per cent on a system-wide capacity increase of 1.0 per cent. Air Canada reports traffic results on a system-wide basis, including regional airlines from which Air Canada purchases capacity.
"I am pleased to report a record load factor of 83.5 per cent for the month of March," said Calin Rovinescu, President and Chief Executive Officer. "Led by traffic increases in the Pacific, domestic Canada and U.S. transborder markets of 5.8, 4.5 and 4.4 per cent, respectively, Air Canada generated greater traffic of 3.4 per cent system wide on a capacity increase of 1.0 per cent. This is the fourth consecutive month Air Canada has reported a record load factor, underscoring the effectiveness of our capacity management strategy. Also during the month we successfully implemented a simplified baggage handling process at our Toronto Pearson hub, making Air Canada an even more attractive option for travellers connecting to the United States while leveraging our international route network that offers some of the best elapsed travel times between the U.S. and Asian and European gateways. I thank our employees whose professionalism and focus on taking care of customers have been instrumental in earning their loyalty while transporting them safely to their destination."
March Q1
2013 2012 Change 2013 2012 Change
Traffic (RPMs mln) 4,776 4,621 +3.4% 13,087 12,946 +1.1%
Capacity (ASMs mln) 5,722 5,668 +1.0% 16,164 16,344 -1.1%
Load Factor 83.5% 81.5% +2.0 pts 81.0% 79.2% +1.8 pts

Canada RPMs 1,275 1,220 +4.5% 3,604 3,539 +1.8%
ASMs 1,523 1,495 +1.9% 4,392 4,419 -0.6%
LF 83.7% 81.6% +2.1 pts 82.1% 80.1% +2.0 pts

US Transborder RPMs 965 924 +4.4% 2,563 2,538 +1.0%
ASMs 1,178 1,135 +3.8% 3,248 3,235 +0.4%
LF 81.9% 81.4% +0.5 pts 78.9% 78.5% +0.4 pts

Atlantic RPMs 984 951 +3.5% 2,476 2,422 +2.2%
ASMs 1,189 1,193 -0.3% 3,238 3,334 -2.9%
LF 82.8% 79.7% +3.1 pts 76.5% 72.6% +3.9 pts

Pacific RPMs 955 903 +5.8% 2,752 2,611 +5.4%
ASMs 1,093 1,070 +2.1% 3,218 3,095 +4.0%
LF 87.4% 84.4% +3.0pts 85.5% 84.4% +1.1 pts

Latin America & Caribbean* RPMs 597 623 -4.2% 1,692 1,836 -7.8%
ASMs 739 775 -4.6% 2,068 2,261 -8.5%
LF 80.8% 80.4% +0.4 pts 81.8% 81.2% +0.6 pts


* Australia has been reclassified to "Pacific" from "Latin America, Caribbean & Other."

[conehead]

Actually Bean there is just such a "Factory" Ontario Power Generation has a plant currently operating at 1.5% of capacity. So what do they do? Build another one.

Ah, but that's different. You and I are paying for that. And the CEO of that factory is once again the highest paid public sector employee in the province.

Sometimes I wonder why there's not armed rebellion...this government is so corrupt.

[boestar]

Agreed conehead. I actually think the rebellion in the US will precede anything here.

[dagger]

Ah, but that's different. You and I are paying for that. And the CEO of that factory is once again the highest paid public sector employee in the province.

Sometimes I wonder why there's not armed rebellion...this government is so corrupt.

So what if the head of OPG is the highest paid public sector employee in the province? Somebody has to be. OPG is a vast corporation. You make it sound like he's making mega millions, when he's not.

Stop with the populist/socialist hoo haw and whining.

You're not going to get top civil servants to work for your wages, not if you want someone who can run it well.

[boestar]

The issue still stands. The plant is operating at 1.5% capacity and they are building a new one they expect to operate at an average of 35%. If that is not waste I do not know what is.

[conehead]

Stop with the populist/socialist hoo haw and whining.

You're not going to get top civil servants to work for your wages, not if you want someone who can run it well.

That's bullshit. The point is, he's NOT running it well. I'll bet even you could run it better, and we could pay you less.

[dagger]

That's bullshit. The point is, he's NOT running it well. I'll bet even you could run it better, and we could pay you less.

How do you back that up? You want to blame someone for cancelling power station contracts, you can blame the government. You want to blame someone for buying a lot of green power, you can blame the government. You want to blame someone for blackouts... there aren't many and I haven't heard of one lately attributable to the failure of a generating station.

Come on, do you even know what OPG does?

[rudder]

Thread title -

March Lf's - Ws-86.1%; Porter-58.1%

Want to talk politics? Start a new thread.

[conehead]

How do you back that up?

With the facts that there is a generating station operating at 1.5% capacity, and they're building a new one right beside it to run at 35% capacity.

Do I even know what they do? Following is a quote from their own website regarding their mandate;

Mandate

1. OPG’s core mandate is electricity generation. It will operate its existing nuclear, hydroelectric, and fossil generating assets as efficiently and cost-effectively as possible.

Sorry about the thread hijack Rudder, I know I'm bad for that. I'll stop now.

[Guest]

With the facts that there is a generating station operating at 1.5% capacity, and they're building a new one right beside it to run at 35% capacity.

Do I even know what they do? Following is a quote from their own website regarding their mandate;

Mandate

1. OPG’s core mandate is electricity generation. It will operate its existing nuclear, hydroelectric, and fossil generating assets as efficiently and cost-effectively as possible.

Sorry about the thread hijack Rudder, I know I'm bad for that. I'll stop now.

Cone,

you should know better than to feed the squirrel

[conehead]

Cone,

you should know better than to feed the squirrel

[dagger]

With the facts that there is a generating station operating at 1.5% capacity, and they're building a new one right beside it to run at 35% capacity.

Do I even know what they do? Following is a quote from their own website regarding their mandate;

Mandate

1. OPG’s core mandate is electricity generation. It will operate its existing nuclear, hydroelectric, and fossil generating assets as efficiently and cost-effectively as possible.

Sorry about the thread hijack Rudder, I know I'm bad for that. I'll stop now.

With the facts that there is a generating station operating at 1.5% capacity, and they're building a new one right beside it to run at 35% capacity.

Do I even know what they do? Following is a quote from their own website regarding their mandate;

Mandate

1. OPG’s core mandate is electricity generation. It will operate its existing nuclear, hydroelectric, and fossil generating assets as efficiently and cost-effectively as possible.

Sorry about the thread hijack Rudder, I know I'm bad for that. I'll stop now.

Have you ever heard of peak generation capacity? Better to use a fully depreciated generating station that was once a coal plant and was converted to natural gas rather than build a new one for several hundred million dollars and face whiney NIMBYs who don't want a power plant in their community.

[conehead]

Right. So they're building a new one anyway. Smart.

[J.O.]

You might want to consider the fact that many of Ontario's nuclear generators are coming due for major, lengthy and very expensive refits in the next few years. While they're shut down, are you guys going to be first up to volunteer to be blacked out if there's no capacity available to replace them?

[boestar]

Again. The EXPECTATION is for an AVERAGE 35% of Capacity at the new plant while maintaining 1.5% at the old one. That sounds forward looking to me and taking into account the demand in the future.