Alaska Air Group (ALK) Reports 6.4 Percent Increase in January Traffic
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Alaska Air Group Inc. (NYSE: ALK) today reported January operational results for its subsidiaries, Alaska Airlines and Horizon Air, and on a combined basis.
Alaska reported a 6.4 percent increase in traffic on a 1.9 percent increase in capacity compared to January 2011. This resulted in a 3.5-point increase in load factor to a January record of 83.6 percent. Alaska also reported 79.0 percent of its flights arrived on time in January, despite the snow and ice storm in Seattle, where on-time performance was 33.1 percent on Jan. 18 and 24.5 percent on Jan. 19. The monthly on-time rate compares to 85.3 percent reported in January 2011.
Horizon reported a 16.4 percent decline in January traffic on a 17.7 percent decline in capacity compared to January 2011. This resulted in a 1.2-point increase in load factor to a January record of 73.2 percent. Horizon also reported a record 84.4 percent of its flights arrived on time in January, in spite of on time performance of 25.9 percent on Jan. 18 and 17.9 percent on Jan. 19 during the peak of the storm. The monthly on-time rate compares to 77.0 percent reported in January 2011. The significant decline in capacity and traffic for Horizon from 2011 is due to the carrier's transition out of the Bombardier CRJ-700 regional jet and a corresponding reduction in the size of Horizon's operating fleet from 56 aircraft at Jan. 31, 2011, to 48 aircraft at Jan. 31, 2012. This transition was completed in June 2011.
On a combined basis, Air Group reported a 5.9 percent increase in traffic on a 1.3 percent increase in capacity compared to January 2011. This resulted in a 3.5-point increase in load factor to 82.6 percent. These statistics include flights operated by Alaska and those under capacity purchase arrangements, including Horizon, SkyWest and PenAir.
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Alaska reported a 6.4 percent increase in traffic on a 1.9 percent increase in capacity compared to January 2011. This resulted in a 3.5-point increase in load factor to a January record of 83.6 percent. Alaska also reported 79.0 percent of its flights arrived on time in January, despite the snow and ice storm in Seattle, where on-time performance was 33.1 percent on Jan. 18 and 24.5 percent on Jan. 19. The monthly on-time rate compares to 85.3 percent reported in January 2011.
Horizon reported a 16.4 percent decline in January traffic on a 17.7 percent decline in capacity compared to January 2011. This resulted in a 1.2-point increase in load factor to a January record of 73.2 percent. Horizon also reported a record 84.4 percent of its flights arrived on time in January, in spite of on time performance of 25.9 percent on Jan. 18 and 17.9 percent on Jan. 19 during the peak of the storm. The monthly on-time rate compares to 77.0 percent reported in January 2011. The significant decline in capacity and traffic for Horizon from 2011 is due to the carrier's transition out of the Bombardier CRJ-700 regional jet and a corresponding reduction in the size of Horizon's operating fleet from 56 aircraft at Jan. 31, 2011, to 48 aircraft at Jan. 31, 2012. This transition was completed in June 2011.
On a combined basis, Air Group reported a 5.9 percent increase in traffic on a 1.3 percent increase in capacity compared to January 2011. This resulted in a 3.5-point increase in load factor to 82.6 percent. These statistics include flights operated by Alaska and those under capacity purchase arrangements, including Horizon, SkyWest and PenAir.
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