Alaska Air Group profits down in 4Q2012, increase in full year

Alaska Air Group revenue up 8% - financial highlights:

• Three months ended 31-Dec-2012:
  • Total operating revenue: USD1132 million, +8% year-on-year;
  • Total operating cost: USD1058 million, +14%;
    • Fuel: USD372 million, +30%;
    • Labour: USD267 million, +6%;
  • Operating profit: USD74 million, -35%;
  • Net profit: USD44 million, -31%;
  • Passenger numbers: 6.4 million, +5.0%;
  • Load factor: 85.4%, +0.7 ppt;
  • Yield: USD 14.59 cents, stable;
  • Passenger revenue per ASM: USD 12.46 cents, +0.8%;
  • Revenue per ASM: USD 14.39 cents, +0.6%;
  • Cost per ASM excl fuel and fleet transition costs: USD 8.72 cents, -1.2%;
• 12 months ended 31-Dec-2012:
  • Total operating revenue: USD4657 million, +8%;
  • Total operating costs: USD4125 million, +7%;
    • Fuel: USD1459 million, +12%;
    • Labour: USD1038 million, +5%;
  • Operating profit: USD532 million, +18%;
  • Net profit: USD316 million, +29%;
  • Passenger numbers: 25.9 million, +4.5%;
  • Load factor: 85.9%, +1.4 ppt;
  • Yield: USD 14.92 cents, +0.7%;
  • Passenger revenue per ASM: USD 12.82 cents, +2.5%;
  • Revenue per ASM: USD 14.82 cents, +1.7%;
  • Cost per ASM excl fuel and fleet transition costs: USD 8.48 cents, -0.8%;
  • Total assets: USD5505 million, +6.5%;
  • Cash and marketable securities: USD1252 million, +9.7%;
  • Total liabilities: USD4084 million, +2.3%;
• 1Q2013 forecast:
  • Capacity (ASMs): +8.5%;
    • Mainline: +9%;
  • Cost per ASM excl fuel and special items: USD8.79 cents to USD 8.84 cents, flat;
    • Mainline: USD 7.88 cents to USD 7.93 cents, flat;
  • Fuel gallons: 106 gallons;
    • Mainline: 93 million;
• FY2013 forecast:
  • Capacity: +7.5%;
    • Mainline: +8%;
  • Cost per ASM excl fuel and special items: USD 8.35 cents to USD 8.40 cents, -1%;
    • Mainline: USD 7.50 cents to USD 7.55 cents, -0.5%;
  • Fuel gallons: 445 million to 450 million;
    • Mainline: 390 million to 395 million. [more - original PR]