Travel Distribution In Canada

Duncan Bureau, Vice President Sales, and

Owner, WestJet

Kevin Mitchell, Chairman, Business

Travel Coalition Jean Covelli, Travel Administrator, Rich

Products Corporation; President, The Travel

Team, Inc.

Duncan Bureau, Vice President Sales, and Owner

WestJet Overview»Canada’s leading low fare airline»Currently 38 destinations with scheduled service

within Canada, the United States and the Caribbean

»WestJet employs over 6,000 people»Guest Experience and Performance

– Top five North American on-time performance, completion rate and baggage rates

– Employee ownership and a company wide commitment to our guest experience

WestJet Overview continued…» WestJet operates the most modern fleet in North

America (average age 2.5 years) currently a fleet of 65 Boeing Next-Generation 737 aircraft

» An additional 21 Boeing Next-Generation 737 aircraft committed for delivery between 2007 and 2009

» WestJet named Canada's most admired corporate culture in 2006

» WestJet Vacations» WestJet Lounges

63 Schedule and Charter Destinations

In 11 years WestJet has built a significant network; growing from five scheduled destinations to 65 scheduled and charter.

Charter & Scheduled Transborder as % of Total ASMs

0%

5%

10%

15%

20%

25%

30%

35%

40%

Jan-0

6

Feb-06

Mar-06

Apr-06

May-06

Jun-0

6Ju

l-06

Aug-0

6

Sep-0

6

Oct-06

Nov-06

Dec-06

Jan-0

7

Feb-07

Mar-07

Apr-07

May-07

Jun-0

7Ju

l-07

Aug-07

Sep-07

Oct-07

% Transborder % Charter

*Jan – Dec 2006 based on actual data; Jan 2007 – Oct 2007 based on scheduled and Business Plan data

Winter Schedule Winter Schedule

Summer ScheduleSummer Schedule

Matching our capacity to demand leverages seasonality of travel to maximize revenue

Strategic Fleet Deployment

Fleet Growth

0

2,000

4,000

6,000

8,000

10,000

12,000

14,000

16,000

18,000

20,000

2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010

ASM

s (0

00,0

00)

Projected Growth

57%55%

48%

30%

19%

17%13%

15%

10%

10%

Fleet Count 22 27 35 44 54 56 63 70 76 86 92

Estimates

We plan for continued ASM growth and fleet expansion to 92 aircraft by 2010

Domestic Market Share Growth - RPMs 1999 – 2006

8% 11%17%

23%26%

29%32% 34%

0%

10%

20%

30%

40%

1999 2000 2001 2002 2003 2004 2005 2006

WestJet expects to continue its profitable market share growth.

Consistent Annual Revenue Growth

WestJet Among the Top Airlines in North America – Q1 2007

1Q07 Pre-tax margin (Incl. Interest & Profit Share / excl. Non-recurring expenses)

11%10%

7%

2%1% 1% 1% 1%

-3% -3%

-5%

-7%

-10%

-5%

0%

5%

10%

15%

Record Year-End Results 2006» Record net earnings of $114.7 million » RASM increased 9.2 % to 14.2 cents

– Increased load factor 3.6 percentage points to 78.2%– Yield increased 3.4% to 18.1 cents– Increased ASMs 17.3% to 12.5 billion

» Growth– Twelve new aircraft– Announced two new destinations West Palm Beach,

Florida & Nassau, Bahamas – Ancillary revenue

• Continued success of buy on board products• Launch of WestJet Vacations

Record earnings for any year in WestJet history.

Financial and Growth» Achieve an average annual compound

growth rate in available seat miles of 10%Continued fleet expansionContinue commercialization of scheduleContinue expansion of domestic, transborder and international destinations

Bundle pricingWestJet VacationsPoint-of-sale U.S.InterlineAncillary Revenues

Margins and Costs»Have the lowest sustainable cost per

available seat mile, excluding fuel, in North America

Sustained focus on cost control and reduction Increased fleet utilization Most modern fleet in North America

Guest Experience and Performance» Deliver on guest interaction that is unique

to WestJet

» Achieve top five North American on-time performance, completion rate and baggage rates

• Through employee ownership and a company wide commitment to our guest experience

People and Culture»People and Culture

– Highly engaged and committed employee base– Employee share purchase plan participation

rate over 80%– Profit share of $94,922,491 paid to WestJetters

up to March 31, 2007– Commitment to training and development

»Over 2,000 people hired in 2006»Still receive over 1,000 resumes per week

1,964,1898,0511,304,7794,89739%$659,4103,154Totals:

$ ZZZ,ZZZ #$ YYY,YYY #0.00%$$ XXX,XXX#YVR-YYJ

$ ZZZ,ZZZ #$ YYY,YYY #53.31%$$ XXX,XXX#YEG-YYC

$ ZZZ,ZZZ #$ YYY,YYY #36.62%$$ XXX,XXX#YEG-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #49.88%$$ XXX,XXX#YHZ-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #19.18%$$ XXX,XXX#YOW-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #33.01%$$ XXX,XXX#YWG-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #38.41%$$ XXX,XXX#YVR-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #60.98%$$ XXX,XXX#YVR-YYC

$ ZZZ,ZZZ #$ YYY,YYY #48.93%$$ XXX,XXX#YYC-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #21.69%$$ XXX,XXX#YUL-YYZ

Ttl Mkt Value($ X + $ Y)Ttl Mkt FltsOther Mkt ValueOther Mkt

FltsWS Air Mkt ShareAvgTicket

WS Air MktValue

WS Air Mkt FltsMarket Pair

June 01, 2005 - May 31, 2006

A COMPANY

WestJet Market pair

1,964,1898,0511,304,7794,89739%$659,4103,154Totals:

$ ZZZ,ZZZ #$ YYY,YYY #0.00%$$ XXX,XXX#YVR-YYJ

$ ZZZ,ZZZ #$ YYY,YYY #53.31%$$ XXX,XXX#YEG-YYC

$ ZZZ,ZZZ #$ YYY,YYY #36.62%$$ XXX,XXX#YEG-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #49.88%$$ XXX,XXX#YHZ-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #19.18%$$ XXX,XXX#YOW-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #33.01%$$ XXX,XXX#YWG-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #38.41%$$ XXX,XXX#YVR-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #60.98%$$ XXX,XXX#YVR-YYC

$ ZZZ,ZZZ #$ YYY,YYY #48.93%$$ XXX,XXX#YYC-YYZ

$ ZZZ,ZZZ #$ YYY,YYY #21.69%$$ XXX,XXX#YUL-YYZ

Ttl Mkt Value($ X + $ Y)Ttl Mkt FltsOther Mkt ValueOther Mkt

FltsWS Air Mkt ShareAvgTicket

WS Air MktValue

WS Air Mkt FltsMarket Pair

June 01, 2005 - May 31, 2006

A COMPANY

WestJet Market pair

Corporate Agreement Structure» WestJet requires the following reporting:

Air Carrier Validation Report (WestJet vs. Other) Total net domestic spend Total net transborder spend

» WestJet does a financial gap analysis / cost of sale internally and determines opportunity

Corporate Agreement Structure (cont’d)» WestJet creates corporate proposal

Revenue share incentive payments based on achieved volume target

Discounted at source net programs

» Present proposal» WestJet will draft contract and send to Corporation

via email for review» Contracts are discussed and approved by both

parties, then circulated for signatures » Contracts reviewed quarterly based on reporting

Thank you!

For More Information…

Bryan Wolfenden, Director, National and Corporate Accounts, WestJet Tel: 905-364-2018 bwolfenden@westjet.comhttp://www.westjet.com/

Jean Covelli, Travel Administrator, Rich Products Corporation; President, The Travel Team, Inc.Tel: 716-862-7630jcovelli@thetravelteam.com http://www.thetravelteam.com/

Kevin Mitchell, Chairman, Business Travel CoalitionTel: 610-341-1850mitchell@BusienssTravelCoalition.comhttp://businesstravelcoalition.com/

Association of Canadian Travel Agencieshttp://www.acta.ca/September 18, 2007