20-Nov-2020 10:53 AM

Alaska Air Group outlook for Nov-2020 projects lower revenues and load factor

Alaska Air Group reported (19-Nov-2020) the following operational and financial results for Oct-2020 and expected results for Nov-2020:

  • Oct-2020:
    • Total revenue: -62% year-on-year;
    • Passenger revenue: -64%;
    • ASMs: -45%;
    • Passenger load factor: 49%;
  • Nov-2020:
    • Total revenue: Down in the range of 60% to 65%;
    • Passenger revenue: Down in the range of 65% to 70%;
    • ASMs: Down approx 40%;
    • Passenger load factor: Approx 40% to 45%.

Cash burn is expected to be between USD125 million to USD150 million in Nov-2020, due to recent softening in the demand environment, compared to approximately USD97 million in Oct-2020, which was the result of improved ticket sales. The group recorded cash and short term investments of approximately USD3.5 billion as of 17-Nov-2020, excluding investments held at McGee and ASA Assurance. Alaska Air Group believes renewed state and local government restrictions have caused negative impacts in the immediate term. [more - original PR]

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