WestJet aims for C$100 million cost cuts; Encore schedule out February 11

TORONTO Wed Feb 6, 2013 11:39am EST

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TORONTO (Reuters) - WestJet Airlines Ltd (WJA.TO) said on Wednesday it was targeting cost cuts of C$100 million ($100.33 million) over the next three years and would release the schedule for its new regional airline, Encore, on February 11.

"We recently concluded a series of coast-to-coast employee meetings where we engaged WestJetters in our business transformation initiatives to reduce costs by C$100 million over the next 36 months," Chief Executive Officer Gregg Saretsky said on a conference call with analysts.

"We're looking forward to releasing WestJet Encore's first schedule on February 11," he added.

(Reporting by Nicole Mordant; Writing by Solarina Ho; Editing by Lisa Von Ahn)