Alaska Air Group revenue up 15.7% for 2Q2010

Alaska Air Group revenue up 15.7% - consolidated financial/traffic highlights:

• Three months ended 30-Jul-2010:
  • Total operating revenue: USD976.4 million, +15.7% year-on-year;
    • Alaska Airlines: USD702.3 million, +16.6%;
    • Horizon Air: USD171.1 million, +8.4%;
  • Total operating costs: USD866.5 million, +11.5%;
  • Fuel: USD255.0 million, +98.6%;
  • Labour: USD239.6 million, -3.0%;
  • Landing fees and other rentals: USD57.9 million, +6.4%;
  • Operating profit: USD109.9 million, +64.8%;
    • Alaska Airlines: USD107.3 million, +91.3%;
    • Horizon Air: USD3.6 million, -67.9%;
  • Net profit: USD58.6 million, +101.4%;
  • Passenger numbers:
    • Alaska Airlines: 4.2 million, +4.7%;
    • Horizon Air: 1.7 million, +0.6%;
  • Load factor:
    • Alaska Airlines: 83.0%, +4.2 ppts;
    • Horizon Air: 74.8%, +1.2 ppt;
  • Yield:
    • Alaska Airlines: USD 13.85 cents, +6.0%;
    • Horizon Air: USD 27.01 cents, +6.0%;
  • Operating revenue per ASM:
    • Alaska Airlines: USD 12.92 cents, +10.9%;
    • Horizon Air: USD 20.54 cents, +7.7%;
  • Operating cots per ASM:
    • Alaska Airlines: USD 11.30 cents, +5.9%;
    • Horizon Air: USD 20.11 cents, +13.5%;
  • Costs per ASM excl fuel*:
    • Alaska Airlines: USD 7.79 cents, -5.2%;
    • Horizon Air**: USD 14.84 cents, -2.2%;
• Six months ended 30-Jun-2010:
  • Total operating revenue: USD1,806 million, +13.9%;
    • Alaska Airlines: USD1,610 million, +14.8%;
    • Horizon Air: USD329.5 million, +8.1%;
  • Total operating costs: USD1,670 million, +9.1%;
  • Fuel: USD462.3 million, +61.6%;
  • Labour: USD478.9 million, -2.9%;
  • Landing fees and other rentals: USD113.8 million, +4.8%;
  • Operating profit: USD135.9 million, +148.0%;
    • Alaska Airlines: USD135.4 million, +171.9%;
    • Horizon Air: USD2.0 million, -66.7%;
  • Net profit: USD63.9 million, +545.5%;
  • Passenger numbers:
    • Alaska Airlines: 7.8 million, +3.4%;
    • Horizon Air: 3.3 million, +1.5%;
  • Load factor:
    • Alaska Airlines: 81.9%, +4.6 ppts;
    • Horizon Air: 73.1%, +2.9 ppts;
  • Yield:
    • Alaska Airlines: USD 13.51 cents, +4.0%;
    • Horizon Air: USD27.25 cents, +3.1%;
  • Operating revenue per ASM:
    • Alaska Airlines: USD 12.45 cents, +11.3%;
    • Horizon Air: USD 20.26 cents, +7.4%;
  • Operating costs per ASM:
    • Alaska Airlines: USD 11.06 cents, +10.2%;
    • Horizon Air: USD 20.14 cents, +8.9%;
  • Costs per ASM excl fuel*:
    • Alaska Airlines: USD 8.08 cents, -2.9%;
    • Horizon Air**: USD 15.25 cents, -2.2%;
  • Cash and market securities: USD1,273 million, compared to USD1,192 million as at 31-Dec-2009;
  • Total assets: USD5,107 million, compared to USD4,996 million as at 31-Dec-2009;
  • Total liabilities and shareholder's equity: USD5,107 million, compared to USD4,996 million as at 31-Dec-2009. [more - Perspective]

*Also includes new pilot contract transition costs
**Includes CRJ-700 fleet transition costs

Alaska Air Group: "Our second quarter adjusted net earnings represent the best quarterly profit in our history. The results were driven by strong revenues and good cost control, partially offset by higher fuel costs," Bill Ayer, Chairman and CEO. Source: Alaska Air Group, 22-Jul-2010.