As a founding member of our organization, Don's focus on our corporate culture has assisted WestJet in becoming a leader in our industry. ... His new role in this important aspect of our organization will set the stage for continued success.

The changes to the executive structure reinforces the commitment that WestJet has to its guests, ... Russ' proven leadership and business judgment as an executive will help further strengthen our WestJet Executive team.

This accomplishment, which is hard to attain in the airline industry, is one we have now achieved over the past three quarters.

Foreign ownership has declined somewhat in recent months with the run-up in the price of fuel, as the sector's been a little bit out of favor, but it's still worth our while to do it (reclassify the shares) in preparation for when that reverses,

For the past three quarters we have simultaneously increased yield, load factors in the face of increased capacity.

Both Arthur Scace and Hugh Bolton's unique and varied experiences are welcome additions to WestJet's Board of Directors. We are fortunate that Mr. Scace and Mr. Bolton have accepted these positions, and we look forward to the contributions they will make.