Alaska Air Group reports record profits in 1Q2015

Alaska Air Group revenue up 4% - financial highlights for three months ended 31-Mar-2015:

• Total operating revenue: USD1269 million, +4% year-on-year;
• • Passenger: USD1087 million, +5%;
  • Cargo: USD23 million, -4%;
• Total operating costs: USD1031 million, -5%;
• • Labour: USD306 million, +13%;
  • Fuel: USD235 million, -34%;
• Operating profit: USD238 million, +69%;
• Net profit: USD149 million, +58.5%;
• Passenger numbers: 7.3 million, +10.0%;
• Passenger load factor: 83.4%, -1.3 ppt;
• Yield: USD 14.08 cents, -4.2%;
• Passenger revenue per ASM: USD 11.74 cents, -5.7%;
• Revenue per ASM: USD 13.71 cents, -6.4%;
• Cost per ASM excl fuel: USD 8.61 cents, -0.6%;
• Total assets: USD6410 million;
• Cash and marketable securities: USD1312 million;
• Total liabilities: USD4244 million. [more - original PR]

Alaska Air Group: "Our record first quarter results reflect lower fuel prices, but more importantly the tremendous loyalty of our customers in Seattle and across our system. It is gratifying to see such strong growth and financial results given unprecedented competition," Brad Tilden, CEO. Source: Company statement, 23-Apr-2015.