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27-Jul-2012 12:02 PM

Alaska Air Group reports record 2Q2012 results

Alaska Air Group revenue up 9% – financial highlights:

  • Three months ended 30-Jun-2012:
    • Operating revenue: USD1213 million, +9.3% year-on-year;
    • Operating costs: USD1097 million, +4.3%;
      • Fuel: USD431.8 million, +8.6%;
      • Labour: USD258.9 million, +6.6%;
    • Operating profit: USD115.8 million, +100.3%;
    • Net profit: USD67.5 million, +134.4%;
    • Passenger numbers: 6.6 million, +5.1%;
    • Load factor: 86.5%, +2.2 ppts;
    • Yield: USD 15.29 cents, +0.9%;
    • Passenger revenue per ASM: USD 13.23 cents, +3.7%;
    • Revenue per ASM: USD 15.28 cents, +2.8%;
    • Cost per ASM excl fuel and fleet transition: USD 8.38 cents, -0.4%;
  • Six months ended 30-Jun-2012:
    • Operating revenue: USD2253 million, +8.5%;
    • Operating costs: USD2064 million, +9.6%;
      • Fuel: USD750.6 million, +26.8%;
      • Labour: USD515.5 million, +4.8%;
    • Operating profit: USD188.2 million, -1.8%;
    • Net profit: USD108.3 million, +5.1%;
    • Passenger numbers: 12.6 million, +4.7%;
    • Load factor: 85.7%, +2.4 ppts;
    • Yield: USD 14.86 cents, +1.7 ppts;
    • Passenger revenue per ASM: USD 12.74 cents, +4.7%;
    • Revenue per ASM: USD 14.7 cents, +3.6%;
    • Cost per ASM excl fuel and fleet transition: USD 8.60 cents, -0.1%;
    • Total assets: USD5424 million, +4.4% when compared to period ended 31-Dec-2011;
    • Cash and marketable securities: USD1185 million, +3.9% when compared to period ended 31-Dec-2011;
    • Total liabilities: USD4141 million, +3.0% when compared to period ended 31-Dec-2011;
  • 3Q2012 forecast:
    • Capacity (ASMs): 8200 to 8300 million, +6.5% year-on-year;
      • Mainline: 7330 to 7430 millions, +6.5%;
    • Cost per ASM excl fuel and special items: USD 8.20 cents to USD 8.30 cents, +0.5% to +1.5%;
      • Mainline: USD 7.35 cents to USD 7.45 cents, +1% to +2.5%;
  • FY2012 forecast:
    • Capacity: 31,350 to 31,450 million, +6%;
      • Mainline: 28,100 to 28,200 million, +6%;
    • Cost per ASM excl fuel and special items: USD 8.50 cents to USD 8.55 cents, flat;

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