16-May-2016 7:12 AM
Alaska Airlines releases investor guidance for 2Q2016, expects capacity to increase by 11%
Alaska Air Group released (13-May-2016) investor guidance for 2Q2016, stating it expects consolidated nonoperating income will be approximately USD4 million for the quarter. The carrier expects capacity measured in ASMs will increase approximately 11% year-over-year in 2Q2016, while cost per ASM excluding fuel and special items will decrease around 1% to USD8.00 cents to USD8.05 cents. Alaska Air Group anticipates consuming 137 million gallons of fuel in 2Q2016, at an average economic fuel cost per gallon of USD1.47. [more - original PR]