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Alaska Air Group reports 17th consecutive profitable quarter in 2Q2013

26-Jul-2013 3:47 PM

Alaska Air Group revenue up 3% – financial highlights:

  • Three months ended 30-Jun-2013:
    • Total operating revenue: USD1256 million, +3% year-on-year;
      • Passenger: USD1088 million, +4%;
      • Freight: USD30 million, -3%;
    • Total operating costs: USD1082 million, -1%;
      • Fuel: USD372 million, -14%;
      • Labour: USD258 million, stable;
    • Operating profit: USD174 million, +50%;
    • Net profit: USD104 million, +53%;
    • Passenger numbers: 7.0 million, +6.3%;
    • Load factor: 86.4%, -0.1 ppt;
    • Yield: USD 14.73 cents, -3.7%;
    • Passenger revenue per ASM: USD 12.73 cents, -3.8%;
    • Revenue per ASM: USD 14.70 cents, -3.8%;
    • Cost per AMS excl fuel: USD 8.31 cents, -0.8%;
  • Six months ended 30-Jun-2013:
    • Total operating revenue: USD239 million, +6%;
      • Passenger: USD2066 million, +6%;
      • Freight: USD56 million, +2%;
    • Total operating costs: USD2151 million, +4%;
      • Fuel: USD753 million, stable;
      • Labour: USD522 million, +1%;
    • Operating profit: USD239 million, +27%;
    • Net profit: USD141 million, +29%;
    • Passenger numbers: 13.3 million, +6.1%;
    • Load factor: 85.8%, +0.1 ppt;
    • Yield: USD 14.56 cents, -2.0%;
    • Passenger revenue per AMS: USD 12.49 cents, -2.05;
    • Revenue per ASM: USD 13.24 cents, -2.3%;
    • Cost per ASM excl fuel: USD 7.47 cents, -2.6%;
    • Total assets: USD5852 million;
    • Cash and marketable securities: USD1429 million;
    • Total liabilities: USD4309 million;
  • 3Q2013 forecast:
    • Capacity: +7%;
    • Cost per ASM excl fuel and special items: USD 8.25 cents to USD 8.30 cents, +3%;
  • 2013 forecast:
    • Capacity: +7%;
    • Cost per ASM excl fuel and special items: USD 8.45 cents, -0.5%. [more - original PR]

Alaska Air Group: “These results represent our 17th consecutive quarter of profitability and the second-best June quarter in our history. Although our quarterly results were down slightly, our financial performance continues to be very strong. This is why we were very pleased to recently announce the initiation of a quarterly dividend which, combined with our share repurchases, will be a key component of our capital deployment program,” Brad Tilden, CEO. Source: Company statement, 30-Jun-2013.