Westjet

5240 words 21 pages
WestJet Strategic Audit

by:

Tanya Witherington #3136712
Abdullah Saleh #3157594
Tyler Ethridge #3084252
Natasha King #265841
Yao Yao #3111635
Jaiqi Lu #

BA 4101 March 21, 2005.
Daniel Doiron UNBSJ West Jet

I. Current Situation

A. Current Performance

• WestJet owned 28% of the domestic air market share in 2004 vs. 25% in 2003. • For the year ended December 31, 2004, un-audited Revenue was $1.06 billion up by $196.4 million over 2003’s revenue of $863.6 million. However, the airline reported a Net Loss of $17.2 million, down from Net Earnings of $60.5 million in 2003. • In 2004, West Jet’s share
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II. CORPORATE GOVERNANCE

Directors and senior officers of WestJet, as a group, own, directly of indirectly, or exercise control or direction, over 19.8 million (16%) of the Common Shares of WestJet.

A. Board of Directors:

• Nine members; two internal; they are:

Insiders: Clive J. Beddoe (On Board since 1995) Thomas (Tim) W. (On Board since Sept 1996) Outsiders: James Homeniuk (On Board since April 2003) Ronald G. Greene (On Board since June 1995) Wilmot L. Matthews (On Board since Sept 1996) Murph Hannon (On Board since Dec 1996) Larry Pollock (On Board since Sept 1999) Donald McDonald (On Board since Sept 1999) Allan Jackson Director since (On Board since July 2003)

• Established an Audit Committee and a Compensation Committee. Both committees report to the Board with

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