Alaska Air Group projects continued increase in capacity out to FY2020, led by regional

Alaska Air Group released (25-Jul-2019) the following guidance for 3Q2019 and FY2019:

• 3Q2019:
  • Capacity: Up approximately 3%;
    • Mainline capacity: Up approximately 2%;
    • Regional capacity: Up approximately 12%;
  • RASM: Up approximately 2% to 5%;
  • CASM ex fuel and special items: Up approximately 5%;
  • Fuel consumption: 230 million gallons at an average fuel price of USD2.21 per gallon;
  • Consolidated non operating expenses: Approximately USD15 million;
• 4Q2019:
  • Capacity: Up approximately 4%;
    • Mainline capacity: Up approximately 4%;
    • Regional capacity: Up approximately 4.5%;
  • CASM ex fuel and special items: Down approximately 1.2%;
• FY2019:
  • Capacity: Up approximately 2.1%;
    • Mainline capacity: Up approximately 1%;
    • Regional capacity: Up approximately 11.5%;
  • CASM ex fuel and special items: Up approximately 2.2%;
  • Fuel consumption: 865 million gallons, up approximately 3.1%;
  • Capex: Approximately USD725 million;
  • Effective tax rate: 26%;
• FY2020:
  • Capacity: Up approximately 3% to 4%;
  • Capex: Approximately USD775 million. [more - original PR]