Alaska Air Group (ALK) Load Factor Fell 0.9 Points in August 2016

September 2, 2016 12:43 PM EDT

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Alaska Air Group Inc. (NYSE: ALK) reported August and year-to-date operational results on a consolidated basis, for its mainline operations operated by subsidiary Alaska Airlines, Inc. (Alaska), and for its regional flying operated by subsidiary Horizon Air Industries, Inc. and third-party regional carriers, SkyWest Airlines and PenAir (Regional). Detailed information is provided below.

AIR GROUP

On a combined basis, Air Group reported a 9.0 percent increase in traffic on a 10.3 percent increase in capacity compared to August 2015. Load factor decreased 0.9 points to 85.8 percent. These statistics include flights operated by Alaska, Horizon, and those under third-party capacity purchase agreements.

The following table shows the operational results for August and year-to-date 2016, compared to the prior-year periods:

August

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

3,192

3,011

6.0%

22,825

21,383

6.7%

Revenue passenger miles RPM (in millions)

3,376

3,096

9.0%

24,741

22,419

10.4%

Available seat miles ASM (in millions)

3,936

3,570

10.3%

29,367

26,349

11.5%

Passenger load factor

85.8%

86.7%

(0.9) pts

84.2%

85.1%

(0.9) pts

ALASKA AIRLINES - MAINLINE

Alaska reported an 8.7 percent increase in traffic on a 9.9 percent increase in capacity compared to August 2015. Load factor decreased 0.9 points to 86.2 percent. Alaska also reported 87.8 percent of its flights arrived on-time in August, compared to 82.9 percent reported in August 2015.

The following table shows Alaska's operational results for August and year-to-date 2016, compared to the prior-year periods:

August

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

2,303

2,181

5.6%

16,521

15,380

7.4%

RPMs (in millions)

3,027

2,784

8.7%

22,255

20,275

9.8%

ASMs (in millions)

3,513

3,196

9.9%

26,243

23,728

10.6%

Passenger load factor

86.2%

87.1%

(0.9) pts

84.8%

85.4%

(0.6) pts

On-time arrivals as reported to U.S. DOT

87.8%

82.9%

4.9 pts

88.3%

86.2%

2.1 pts

REGIONAL FLYING

Regional traffic increased 12.2 percent on a 13.1 percent increase in capacity compared to August 2015. Load factor decreased 0.7 points to 82.5 percent. Regional also reported 83.1 percent of its flights arrived on time in August, compared to 75.5 percent in August 2015.

The following table shows regional operational results for August and year-to-date 2016, compared to the prior-year periods:

August

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

889

831

7.0%

6,304

6,003

5.0%

RPMs (in millions)

349

311

12.2%

2,486

2,144

16.0%

ASMs (in millions)

423

374

13.1%

3,124

2,621

19.2%

Passenger load factor

82.5%

83.2%

(0.7) pts

79.6%

81.8%

(2.2) pts

On-time arrivals as reported to U.S. DOT

83.1%

75.5%

7.6 pts

87.2%

85.2%

2.0 pts



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