It isn't so much the absolute price of oil, as it is the increasing price, ... If we sell seats based on $50 oil and then fly people at $65 oil, obviously it's not going to be good for earnings.

We sell seats based on USD$50 oil and then fly people at USD$65 oil. Obviously, it's not going to be good for earnings,

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.