Saretsky out in key year for WestJet

The abrupt and unexpected departure of WestJet chief executive Gregg Saretsky in early March reflects increasingly contentious relations with newly unionized pilots and other challenges posed by a broad business transformation, say financial analysts. Those analysts describe the leadership switch as...

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Bibliographic Details
Published in:Airline Business 2018-04, Vol.34 (3), p.10-11
Main Author: Hemmerdinger, Jon
Format: Article
Language:English
Subjects:
Aircraft
Airline industry
Airlines
Alliances
Collective bargaining
Labor contracts
Leadership
Negotiations
Pilots
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Summary:The abrupt and unexpected departure of WestJet chief executive Gregg Saretsky in early March reflects increasingly contentious relations with newly unionized pilots and other challenges posed by a broad business transformation, say financial analysts. Those analysts describe the leadership switch as a means for the company to reset negotiations with pilots, but they also suggest new chief executive Ed Sims might re-evaluate WestJet's path towards becoming an all-things-to- all-people airline company. Saretsky's departure "magnifies the risks for what is supposed to be a banner year of transition and growth for the company", says JP Morgan in an March 8 investment update.
ISSN:2632-6604
2632-7856