WJAFF - WestJet: Near-Term Catalysts May Be Limited
Investment Thesis
WestJet (WJAFF) (WJAVF) (TSX:WJA) delivered better than expected Q4 2018 thanks to its strategy to redeploy aircrafts towards higher profit routes and its cost saving initiatives. The carrier has several growth initiatives to grow its top and bottom lines. These initiatives include 787 fleet additions to expand its international routes and its entry towards ultra-low-cost carrier space. However, uncertainties still exist in the near term. WestJet’s share price appears to be fairly valued. We believe investors may want to wait for a better entry point.
Source: YCharts