22-Oct-2010 1:49 PM
Alaska Air reports best quarter result in 3Q2010
Alaska Air Group reports (21-Oct-2010) the following financial highlights for its Alaska Airlines and Horizon Air subsidiaries for the three months ended 30-Sep-2010:
- Revenue: USD1,068 million, +10.3% year-on-year;
- Alaska Airlines: USD956.1 million, +11.3%;
- Horizon Air: USD180.9 million, +1.5%;
- Operating costs: USD851.1 million, +5.4%;
- Labour: USD240.2 million, -2.4%;
- Fuel: USD220.9 million, +10.7%;
- Alaska Airlines: USD754.6 million, +4.5%;
- Labour: USD193.8 million, -2.7%;
- Fuel: USD188.1 million, +12.9%;
- Horizon Air: USD165.1 million, +6.9%;
- Labour: USD43.8 million, -1.4%;
- Fuel: USD32.8 million, -0.3%;
- Operating profit: USD216.4 million, +35.4%;
- Alaska Airlines: USD201.5 million, +47.4%;
- Horizon Air: USD15.8 million, -33.3%;
- Net profit: USD122.4 million, +39.7%;
- Total assets: USD5,120 million, +2.5% when compared to period ended 31-Dec-2009;
- Cash and marketable securities: USD1,318 million, +10.6% when compared to period ended 31-Dec-2009;
- Total liabilities: USD4,046 million, -1.9% when compared to period ended 31-Dec-2009;
- Passenger numbers:
- Alaska Airlines: 4.6 million, +7.6%;
- Horizon Air: 1.8 million, +0.7%;
- Passenger load factor:
- Alaska Airline: 85.3%, +3.0 ppts;
- Horizon Air: 80.0%, +2.1 ppts;
- Yield:
- Alaska Airlines: USD 13.96 cents, -0.1%;
- Horizon Air: USD 26.68 cents, +1.4%;
- Revenue per ASM:
- Alaska Airlines: USD 13.25 cents, +4.0%;
- Horizon Air: USD 21.66 cents, +3.9%;
- Passenger revenue per ASM:
- Alaska Airlines: USD 11.91 cents, +3.5%;
- Horizon Air: USD 21.34 cents, +4.1%;
- Cost per ASM:
- Alaska Airlines: USD 10.39 cents, -2.2%;
- Horizon Air: USD 19.77 cents, +9.4%;
- Cost per ASM excl fuel*:
- Alaska Airlines: USD 7.52 cents, -4.7%;
- Horizon Air: USD 14.67 cents, +3.2%. [more]
*Excludes new pilot contract transition costs for Alaska Airlines and restructuring and CRJ-700 fleet transition costs for Horizon Air
Alaska Air Group: "We are pleased to report our best quarter ever, with record earnings driven by higher traffic and load factors," Bill Ayer, Chairman and CEO. Source: Alaska Air Group, 21-Oct-2010.