Alaska Airlines expects consolidated nonoperating income of USD2m in 1Q2016

Alaska Airlines stated (11-Feb-2016) it expects that its consolidated nonoperating income will be approximately USD2 million in 1Q2016, and capacity measured by ASM is projected to increase 13.5% year-over-year in 1Q2016. The carrier projects cost per ASM excluding fuel and special items will decrease 1.5% year-over-year, while its fuel consumption will increase around 11% in FY2016. Economic fuel cost per gallon is estimated to decrease by 36% to USD1.27/gallon. During 2016, Alaska Air Group has repurchased a total of 746,347 shares of its common stock for approximately USD52 million. There is USD829 million remaining under the USD1 billion repurchase programme. [more - original PR]