Alaska Air Group reports 21st consecutive quarterly profit and a record second quarter in 2Q2014

Alaska Air Group revenue up 9% - financial highlights:

• Three months ended 30-Jun-2014:
• • Total operating revenue: USD1375 million, +9% year-on-year;
  • Total operating costs: USD1112 million, +3%;
  • • Fuel: USD360 million, -3%;
    • Labour: USD281 million, +9%;
  • Operating profit: USD263 million, +51%;
  • Net profit: USD165 million, +59%;
  • Passenger numbers: 7.4 million, +5.3%;
  • Load factor: 86.3%, -0.1 ppt;
  • Yield: USD 15.14 cents, +2.8%;
  • Passenger revenue per ASM: USD 13.06 cents, +2.6%;
  • Revenue per ASM: USD 15.29 cents, +4.0%;
  • Cost per ASM excl fuel: USD 8.36 cents, +0.6%;
• Six months ended 30-Jun-2014:
• • Total operating revenue: USD2597 million, +9%;
  • Total operating costs: USD2192 million, +2%;
  • • Fuel: USD718 million, -5%;
    • Labour: USD553 million, +6%;
  • Operating profit: USD405 million, +69%;
  • Net profit: USD259 million, +84%;
  • Passenger numbers: 14.0 million, +5.1%;
  • Load factor: 85.5%, -0.3 ppt;
  • Yield: USD 14.93 cents, +2.5%;
  • Passenger revenue per ASM: USD 12.77 cents, +2.2%;
  • Revenue per ASM: USD 14.98 cents, +3.6%;
  • Cost per ASM excl fuel: USD 8.50 cents, +0.5%;
  • Total assets: USD6314 million;
  • Cash and marketable securities: USD1510 million;
  • Total liabilities: USD4114 million. [more - original PR]

Alaska Air Group: "We're pleased to report our 21st consecutive quarterly profit and a record second quarter result. Through strong demand, a growing network, and steady support from our loyal customers, we were able to overcome the impact of substantial new competition," Brad Tilden, CEO. Source: Company statement, 24-Jul-2014.