Alaska Air Group reports 'great' quarter in 2Q2016 with record results

Alaska Air Group revenue up 4% - financial highlights:

• Three months ended 30-Jun-2016:
• • Total operating revenue: USD1494 million, +4% year-on-year;
  • • Alaska Airlines mainline: USD1246 million, +4%;
    • Alaska Airlines regional: USD247 million, +6%;
    • Horizon Air: USD111 million, +11%;
  • Total operating costs: USD1076 million, +1%;
  • • Labour: USD332 million, +9%;
    • Fuel: USD201 million, -23%;
  • Operating profit: USD418 million, +12%;
  • Net profit: USD260 million, +11%;
  • Passenger numbers: 8.6 million, +7.8%;
  • Load factor: 84.9%, stable;
  • Yield: USD 13.44 cents, -7.7%;
  • Passenger revenue per ASM: USD 11.42 cents, -7.7%;
  • Revenue per ASM: USD 13.51 cents, -6.4%;
  • Cost per ASM excl fuel and special items: USD 7.78 cents, -3.7%;
• Six months ended 30-Jun-2016:
• • Total operating revenue: USD2841 million, +5%;
  • • Alaska Airlines mainline: USD2368 million, +4%;
    • Alaska Airlines regional: USD471 million, +8%;
    • Horizon Air: USD215 million, +8%;
  • Total operating costs: USD2133 million, +2%;
  • • Labour: USD668 million, +9%;
    • Fuel: USD368 million, -26%;
  • Operating profit: USD708 million, +16%;
  • Net profit: USD444 million, +16%;
  • Passenger numbers: 16.5 million, +7.4%;
  • Load factor: 83.5%, -0.7 ppt;
  • Yield: USD 13.34 cents, -6.9%;
  • Passenger revenue per ASM: USD 11.14 cents, -7.7%;
  • Revenue per ASM: USD 13.21 cents, -6.2%;
  • Cost per ASM excl fuel and special items: USD 8.14 cents, -2.3%;
  • Total assets: USD7035 million;
  • Cash and marketable securities: USD1607 million;
  • Total liabilities: USD4408 million. [more - original PR]

Alaska Air Group: "This was a great quarter for us. From strong operational and financial performance to a growing customer base, our team delivered," Brad Tilden, CEO. Source: Company statement, 21-Jul-2106.