Alaska Air Group (ALK) Loads Factor Rose 2.5 Points in Sept. 2016

October 4, 2016 8:01 AM EDT

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Alaska Air Group Inc. (NYSE: ALK) reported September 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. Detailed information is provided below.

AIR GROUPOn a combined basis, Air Group reported a 7.4 percent increase in traffic on a 4.2 percent increase in capacity compared to September 2015. Load factor increased 2.5 points to 84.1 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 September and year-to-date 2016, compared to the prior-year periods:

September

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

2,711

2,573

5.4%

25,536

23,956

6.6%

Revenue passenger miles RPM (in millions)

2,828

2,633

7.4%

27,569

25,052

10.0%

Available seat miles ASM (in millions)

3,361

3,225

4.2%

32,728

29,574

10.7%

Passenger load factor

84.1%

81.6%

2.5 pts

84.2%

84.7%

(0.5) pts

ALASKA AIRLINES - MAINLINEAlaska reported a 6.6 percent increase in traffic on a 3.2 percent increase in capacity compared to September 2015. Load Factor increased 2.7 points to 84.5 percent. Alaska also reported 90.2 percent of its flights arrived on time in September, compared to the 88.8 percent reported in September 2015.

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

September

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

1,911

1,813

5.4%

18,432

17,193

7.2%

RPMs (in millions)

2,513

2,357

6.6%

24,767

22,633

9.4%

ASMs (in millions)

2,973

2,880

3.2%

29,216

26,609

9.8%

Passenger load factor

84.5%

81.8%

2.7 pts

84.8%

85.1%

(0.3) pts

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

90.2%

88.8%

1.4 pts

88.5%

86.4%

2.1 pts

REGIONAL FLYINGRegional traffic increased 14.5 percent on a 12.5 percent increase in capacity compared to September 2015. Load factor increased 1.5 points to 81.2 percent. Alaska also reported 90.1 percent of its regional flights arrived on time in September, compared to the 85.2 percent in September 2015.

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

September

Year-to-Date

2016

2015

Change

2016

2015

Change

Revenue passengers (in thousands)

800

760

5.3%

7,105

6,762

5.1%

RPMs (in millions)

315

275

14.5%

2,801

2,419

15.8%

ASMs (in millions)

388

345

12.5%

3,512

2,965

18.4%

Passenger load factor

81.2%

79.7%

1.5 pts

79.8%

81.6%

(1.8) pts

On-time arrivals

90.1%

85.2%

4.9 pts

87.5%

85.2%

2.3 pts



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