Alaska Air Group reports USD1.8bn operating loss in 2020

Alaska Air Group reported (26-Jan-2021) the following financial highlights:

• Three months ended 31-Dec-2020:
  • Total operating revenue: USD808 million, -64% year-on-year;
    • Passenger: USD657 million, -68%;
    • Mileage Plan other: USD108 million, -9%;
    • Cargo and other: USD43 million, -17%;
  • Total operating costs: USD1381 million, -30%;
    • Labour: USD474 million, -26%;
    • Fuel: USD155 million, -67%;
  • Operating profit (loss): (USD573 million), compared to a profit of USD252 million in p-c-p;
  • Net profit (loss): (USD430 million), compared to a profit of USD181 million in p-c-p;
  • Yield: USD 15.06 cents, +2.0%;
  • Revenue per ASM: USD 8.39 cents, -37.3%;
  • Cost per ASM excluding fuel and special items: USD 11.35 cents, +26.0%;
• 12 months ended 31-Dec-2020:
  • Total operating revenue: USD3566 million, -59%;
    • Passenger: USD3019 million, -63%;
    • Mileage plan other: USD374 million, -20%;
    • Cargo and other: USD173 million, -22%;
  • Total operating costs: USD5319 million, -31%;
    • Labour: USD2053 million, -13%;
    • Fuel: USD723 million, -62%;
  • Operating profit (loss): (USD1753 million), compared to a profit of USD1063 million in p-c-p;
  • Net profit (loss): (USD1307 million), compared to a profit of USD769 million in p-c-p;
  • Yield: USD 14.73 cents, +1.9%;
  • Revenue per ASM: USD 9.61 cents, -27.0%;
  • Cost per ASM excluding fuel and special items: USD 12.25 cents, +40.8%;
  • Total assets: USD14,046 million;
    • Cash and marketable securities: USD3346 million;
  • Total liabilities: USD11,041 million. [more - original PR]