Alaska Air Group reports 18th consecutive quarterly profit in 3Q2013

Alaska Air Group revenue up 22% - financial highlights for three months ended 30-Sep-2013:

• Total operating revenue: USD1557 million, +22% year-on-year;
• • Passenger: USD1168 million, +6%;
  • Cargo: USD32 million, +7%;
• Total operating costs: USD1087 million, +8%;
• • Fuel: USD363 million, +8%;
  • Labour: USD285 million, +12%;
• Operating profit: USD470 million, +75%;
• Net profit: USD289 million, +77%;
• Passenger numbers: 7.4 million, +6.4%;
• Load factor: 86.5%, -0.4 ppt;
• Yield: USD 15.23 cents, -0.8%;
• Passenger revenue per ASM: USD 13.17 cents, -1.2%;
• Revenue per ASM: USD 15.39 cents, +0.1%;
• Cost per ASM excl fuel: USD 8.16 cents, +1.4%;
• Total assets: USD5862 million;
• Cash and marketable securities: USD1445 million;
• Total liabilities: USD4060 million. [more - original PR] [more - original PR - 10Q]

Alaska Air Group: "These results represent our best quarter ever and mark Alaska's 18th consecutive quarterly profit. This is noteworthy given significant additional competition in some of our core markets," Brad Tilden, CEO. Source: Company statement, 24-Oct-2013.