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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;
  • 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%;
  • 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:
  • Passenger load factor:
    • Alaska Airline: 85.3%, +3.0 ppts;
    • Horizon Air: 80.0%, +2.1 ppts;
  • Yield:
  • Revenue per ASM:
  • Passenger revenue per ASM:
  • Cost per ASM:
  • Cost per ASM excl fuel*:

*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.

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