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Alaska Air Group reports USD5.3m net profit in 1Q2010

23-Apr-2010 10:24 AM
Alaska Air Group reports (22-Apr-2010) the following financial highlights for the three months ended 31-Mar-2010:
  • Revenue: USD829.9 million, +11.8% year-on-year;
  • Operating costs: USD803.9 million, +6.6%;
    • Fuel: +31.5%;
  • Operating profit (loss): USD26 million, compared to a loss of USD12 million in the corresponding period last year;
  • Net profit (loss): USD5.3 million, compared to a loss of USD19.2 million in the corresponding period last year;
  • Alaska Airlines:
    • Revenue: USD737.6 million, +12.9% year-on-year;
    • Operating costs: USD709.5 million, +7.6%;
      • Fuel: +30.2%;
    • Operating profit (loss): USD28.1 million, compared to a loss of USD6.3 million in the corresponding period last year;
    • Passenger numbers: 3.6 million, +1.9%;
    • Passenger load factor: 80.7%, +5.0 ppts;
    • Yield (per RPM): +1.6%;
    • Operating costs (Per ASM): +6.4%;
  • Horizon Air:
    • Revenue: USD158.4 million, +7.9% year-on-year;
    • Operating costs: USD160 million, +5.3%;
      • Fuel: +38%;
    • Operating profit (loss): (USD1.6 million), compared to a loss of USD5.2 million in the corresponding period last year;
    • Passenger numbers: 1.6 million, +2.5%;
    • Passenger load factor: 71.4%, +4.8 ppts;
    • Yield (per RPM): -0.2%;
    • Operating costs (Per ASM): +7.1%. [more]
Alaska Air Group: "Producing a profit in our seasonally weakest period is particularly noteworthy...The last time we reported a significant first-quarter profit was in 1999...Our results were driven by higher load factors, improving pricing trends and good cost management. Selective schedule reductions coupled with entry into new markets also contributed to our strong performance and provide a foundation for continued improvement," Bill Ayer, Chairman and CEO. Source: Alaska Air Group, 22-Apr-2010.