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25-Jan-2013 3:34 PM

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;

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