Alaska Air Group (ALK) Load Factor Rose 1.9 Points in Oct.

November 2, 2016 8:16 AM EDT

Get access to the best calls on Wall Street with StreetInsider.com's Ratings Insider Elite. Get your Free Trial here.

Alaska Air Group Inc. (NYSE: ALK) reported October 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 5.5 percent increase in traffic on a 3.2 percent increase in capacity compared to October 2015. Load factor increased 1.9 points to 84.2 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 October and year-to-date 2016, compared to the prior-year periods:

October

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

2,751

2,636

4.4%

28,288

26,591

6.4%

Revenue passenger miles RPM (in millions)

2,905

2,754

5.5%

30,474

27,806

9.6%

Available seat miles ASM (in millions)

3,451

3,345

3.2%

36,178

32,919

9.9%

Passenger load factor

84.2%

82.3%

1.9 pts

84.2%

84.5%

(0.3) pts

ALASKA AIRLINES - MAINLINE

Alaska reported a 4.5 percent increase in traffic on a 2.0 percent increase in capacity compared to October 2015. Load factor increased 2.0 points to 84.8 percent. Alaska also reported 87.6 percent of its flights arrived on-time in October, compared to 88.2 percent reported in October 2015.

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

October

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

1,949

1,863

4.6%

20,381

19,056

7.0%

RPMs (in millions)

2,591

2,479

4.5%

27,359

25,111

9.0%

ASMs (in millions)

3,056

2,995

2.0%

32,272

29,603

9.0%

Passenger load factor

84.8%

82.8%

2.0 pts

84.8%

84.8%

— pts

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

87.6%

88.2%

(0.6) pts

88.4%

86.6%

1.8 pts

REGIONAL FLYING

Regional traffic increased 14.2 percent on a 12.9 percent increase in capacity compared to October 2015. Load factor increased 0.9 points to 79.5 percent. Regional also reported 85.5 percent of its flights arrived on time in October, compared to 84.5 percent in October 2015.

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

October

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

802

772

3.9%

7,907

7,536

4.9%

RPMs (in millions)

314

275

14.2%

3,115

2,695

15.6%

ASMs (in millions)

395

350

12.9%

3,906

3,315

17.8%

Passenger load factor

79.5%

78.6%

0.9 pts

79.7%

81.3%

(1.6) pts

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

85.5%

84.5%

1.0 pts

87.3%

85.1%

2.2 pts



Serious News for Serious Traders! Try StreetInsider.com Premium Free!

You May Also Be Interested In






Related Categories

Corporate News

Add Your Comment