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20-Dec-2010 1:29 PM

Alaska Air Group RASM up 5% in Nov-2010

Alaska Air Group released (17-Dec-2010) the following additional performance results for Nov-2010 and forecast for 4Q2010:

  • Nov-2010:
    • Revenue per ASM: USD 13.68 cents, +4.7% year-on-year;
    • Passenger revenue per ASM: USD 12.45 cents, +5.8%;
      • Alaska Airlines: USD 11.19 cents, +6.6%;
      • Horizon Air*: USD 23.56 cents, +11.4%;
  • 4Q2010 forecast:
    • Capacity (ASMs): 7020 million, +8% year-on-year;
      • Alaska Airlines: 6230 million, +10%;
      • Horizon Air: 775 million, -6%;
    • Cost per ASM excl fuel: USD 8.85 to USD8.90 cents, -6% to -7%;
      • Alaska Airlines: USD 7.80 cents to USD 7.90 cents, -7% to -8%;
      • Horizon Air: USD 16.65 cents to USD 16.75 cents +5%;
  • FY2010 forecast:
    • Capacity (ASMs): 27,730 million, +4.5%;
      • Alaska Airlines: USD 24,430 million, +5.5%;
      • Horizon Air: 3235 million, -2%;
    • Cost per ASM excl fuel: USD 8.80 cents to USD 8.82 cents, -3% to -4%;
      • Alaska Airlines: USD 7.86 cents to USD 7.88 cents, -5%;
      • Horizon Air: USD 15.45 cents to USD 15.50 cents, +1%;
  • Capital expenditure: USD211 million;
    •  
      • Alaska Airlines: USD186 million;
        Horizon Air: USD25 million;
    • Aircraft related: USD146 million;
      • Alaska Air: 126 million;
      • Horizon Air: USD20 million;
    • Non-aircraft: USD65 million;
      • Alaska Airlines: USD60 million;
      • Horizon Air: USD5 million;
  • Aircraft deliveries: 21;
    • 2011: 11;
    • 2012: 4;
    • 2013: 2;
    • 2014: 2;
    • Beyond 2014: 2.
  • Fuel hedging:
    • 4Q2010: 50% of expected fuel requirements at USD83 weighted average crude oil per barrel and USD11 average premium cost per barrel;
    • FY2011: 50% at USD86 and USD11;
    • FY2012: 34% at USD88 and USD13;
    • FY2013: 8% at USD86 and USD14. [more]

*Brand flying

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