Alaska Air Group reports record first quarter profit in 1Q2016

Alaska Air Group revenue up 6% - financial highlights for three months ended 31-Mar-2016:

• Total operating revenue: USD1347 million, +6% year-on-year;
• • Mainline passenger: USD927 million, +3%;
  • Regional passenger: USD206 million, +11%;
• Total operating costs: USD1057 million, +3%;
• • Labour: USD336 million, +10%;
  • Fuel: USD167 million, -29%;
• Operating profit: USD290 million, +22%;
• Net profit: USD184 million, +23%;
• Passenger numbers: 7.8 million, +7.1%;
• Passenger load factor: 82.0%, -1.4 ppt;
• Yield: USD 13.22 cents, -6.1%;
• Passenger revenue per ASM: USD 10.84 cents, -7.7%;
• Revenue per ASM: USD 12.88 cents, -6.1%;
• Cost per ASM excl fuel: USD 8.51 cents, -1.2%;
• Total assets: USD6829 million;
• Cash and marketable securities: USD1564 million;
• Total liabilities: USD4374 million. [more - original PR]

Alaska Air Group: "We are proud to report record first quarter results. These results are due to the efforts of employees at Alaska and Horizon who share a common sense of mission and a focus on low fares, operational reliability, and delivering a level of genuine and caring service that sets us apart. We see many of these same qualities in Virgin America, and we're very excited about our proposed combination. We are looking forward to the integration process and are confident that our team has what it takes to build the premier airline for people living on the West Coast," Brad Tilden, CEO. Source: Company statement, 21-Apr-2016.