Posted by & filed under Accounting Principles, Canadian Economy.

Description: Perhaps no industry has been hit harder by the Corona virus than travel and tourism. Flight attendants at Westjet are anticipating layoffs of up to 50% in the face of COVID-19. Things are moving very quickly in this crisis, as earlier in the week the layoff numbers being tossed around were in the order of 12%

Date:  March 13, 2020

Source:  cbc.ca

Link: https://www.cbc.ca/news/canada/calgary/westjet-flight-attendants-layoffs-covid-19-1.5497037

 

Discussion points:

1) Do you know anyone working in the airline industry? How are they impacted by the situation?

2) What would be some of the most significant expenses for an airline?

3) On page 463 of Wiley’s Financial Accounting : Tools for Business Decision-Making, is a vignette featuring WestJet airlines. What approach has WestJet taken in calculating depreciation of its aircraft?

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