Attached files
| file | filename |
|---|---|
| 8-K - ALASKA AIR GROUP FORM 8-K - ALASKA AIR GROUP, INC. | alk8-kinvestorupdate031318.htm |
| EX-99.1 - MARCH 13, 2018 INVESTOR UPDATE - ALASKA AIR GROUP, INC. | ex991investorupdate031318.htm |
Exhibit 99.2
March 13, 2018
Contact: | Investor contact: | |
Media Relations | Matt Grady | |
(206) 304-0008 | Director, Investor Relations | |
newsroom@alaskaair.com | (206) 392-5382 | |
Alaska Air Group reports February 2018 operational results
SEATTLE — Alaska Air Group, Inc. (NYSE: ALK) today reported February operational results on a consolidated basis, for its mainline operations operated by subsidiaries Alaska Airlines, Inc. (Alaska) and Virgin America Inc. (Virgin America), and for its regional flying operated by subsidiary Horizon Air Industries, Inc. (Horizon) and third-party regional carriers SkyWest Airlines and Peninsula Airlines.
On January 11, 2018, Alaska and Virgin America consolidated their operations onto a Single Operating Certificate (SOC). Results for Alaska and Virgin America have been combined into a single mainline operation.
AIR GROUP
On a combined basis for all operations, Air Group reported a 7.9 percent increase in traffic on a 9 percent increase in capacity compared to February 2017. Load factor decreased 0.8 points to 79.4 percent.
The following table shows the operational results for February and year-to-date compared to the prior-year periods:
February | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 3,229 | 3,029 | 6.6% | 6,571 | 6,270 | 4.8% | |||||
Revenue passenger miles RPM (000,000) "traffic" | 3,778 | 3,503 | 7.9% | 7,750 | 7,339 | 5.6% | |||||
Available seat miles ASM (000,000) "capacity" | 4,758 | 4,366 | 9.0% | 9,994 | 9,277 | 7.7% | |||||
Passenger load factor | 79.4% | 80.2% | (0.8) pts | 77.5% | 79.1% | (1.6) pts | |||||
MAINLINE
Mainline reported a 7.1 percent increase in traffic on an 8.1 percent increase in capacity compared to February 2017. Load factor decreased 0.7 points to 79.7 percent. Mainline also reported 84.3 percent of its flights arrived on time in February 2018, compared to 73.9 percent reported in February 2017.
Mainline operational results reflect both Alaska and Virgin America combined. The following table shows mainline operational results for February and year-to-date compared to the prior-year periods:
February | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 2,531 | 2,345 | 7.9% | 5,126 | 4,867 | 5.3% | |||||
RPMs (000,000) | 3,462 | 3,232 | 7.1% | 7,105 | 6,789 | 4.7% | |||||
ASMs (000,000) | 4,345 | 4,020 | 8.1% | 9,113 | 8,555 | 6.5% | |||||
Passenger load factor | 79.7% | 80.4% | (0.7) pts | 78.0% | 79.4% | (1.4) pts | |||||
On-time arrivals as reported to U.S. DOT | 84.3% | 73.9% | 10.4 pts | 85.7% | 73.8% | 11.9 pts | |||||
REGIONAL
Regional traffic increased 16.6 percent on a 19.4 percent increase in capacity compared to February 2017. Load factor decreased 1.8 points to 76.5 percent. Alaska's regional partners also reported 85.3 percent of its flights arrived on time in February 2018, compared to 69.6 percent in February 2017.
The following table shows regional operational results for February and year-to-date compared to the prior-year periods:
February | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 698 | 684 | 2.0% | 1,445 | 1,403 | 3.0% | |||||
RPMs (000,000) | 316 | 271 | 16.6% | 645 | 550 | 17.3% | |||||
ASMs (000,000) | 413 | 346 | 19.4% | 881 | 722 | 22.0% | |||||
Passenger load factor | 76.5% | 78.3% | (1.8) pts | 73.2% | 76.2% | (3.0) pts | |||||
On-time arrivals as reported to U.S. DOT | 85.3% | 69.6% | 15.7 pts | 85.8% | 66.9% | 18.9 pts | |||||
Alaska Airlines, together with Virgin America and its regional partners, flies 44 million guests a year to 115 destinations with an average of 1,200 daily flights across the United States and to Mexico, Canada, and Costa Rica. With Alaska and Alaska Global Partners, guests can earn and redeem miles on flights to more than 900 destinations worldwide. Alaska Airlines ranked “Highest in Customer Satisfaction Among Traditional Carriers in North America” in the J.D. Power North America Satisfaction Study for 10 consecutive years from 2008 to 2017. Learn more about Alaska’s award-winning service at newsroom.alaskaair.com and blog.alaskaair.com. Alaska Airlines, Virgin America and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).
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