Airlines
Calgary Stampede tops WestJet survey
An online contest by WestJet has determined that the Calgary Stampede is Canada's favourite festival. Launched for a second year, the WestJet Festivals contest invited Canadians coast-to-coast to choose their favourite Canadian festival. After more than 10,000 votes were cast, the Calgary Stampede was selected, beating out more than 230 other festivals from across the country. Others that garnered votes included the Royal St. John's Regatta in St. John's, NL; the Pacific National Exhibition (PNE) in Vancouver, and the Just For Laughs festival in Montreal....
United’s Schwab appointed new Star Alliance CEO
The chief executive board of Star Alliance has appointed Mark Schwab to head the Star Alliance central organization, based in Frankfurt, Germany as its new chief executive. Schwab comes from Star Alliance member United where he was responsible for the company's alliances as senior vice-president, Alliances. In this capacity he also served as a member of Star Alliance's management board. He succeeds Jaan Albrecht, who was appointed as CEO of Austrian Airlines on Nov. 1....
Transat takes action as margins suffer
Transat A.T has reported that for its fiscal year ending Oct. 31, 2011, it posted revenues of $3.7 billion, compared with $3.5 billion in 2010. Its margin before restructuring charge of $36.5 million, compared with $127.6 million in 2010, and a net loss of $12.2 million ($0.32 per share on a diluted basis), compared with net income of $65.6 million ($1.73 per share on a diluted basis) in 2010. Before non-operating items, Transat reported an adjusted after-tax loss3 of $7.2ámillion in 2011 ($0.19 per share on a diluted basis), compared with a net income of $53.7 million ($1.41 per share...