Alaska Air Group reports August 2017 operational results

By: | at 02:00 PM | Air Cargo  

SEATTLE - Alaska Air Group Inc. (NYSE: ALK) today reported August and year-to-date operational results on a consolidated basis for its mainline operations operated by subsidiaries Alaska Airlines, Inc. (Alaska) and Virgin America Inc. (Virgin America), and for its regional flying operated by subsidiary Horizon Air Industries Inc. (Horizon) and third-party regional carriers SkyWest Airlines and Peninsula Airlines.

Air Group’s acquisition of Virgin America took place on Dec. 14, 2016. Operational results below include Virgin America results from pre-acquisition periods for comparison.

AIR GROUP On a combined basis for all operations, Air Group reported a 5.8 percent increase in traffic on a 5.5 percent increase in capacity compared to August 2016. Load factor increased 0.4 points to 86.2 percent.

The following table shows the operational results for August and year-to-date, compared to the prior-year periods(1):

August Year-to-Date
2017 2016 Change 2017 2016 Change
Revenue passengers (000) 4,027 3,936 2.3% 29,519 28,179 4.8%
Revenue passenger miles RPM (000,000) “traffic” 4,784 4,520 5.8% 34,909 32,830 6.3%
Available seat miles ASM (000,000) “capacity” 5,552 5,265 5.5% 41,148 38,987 5.5%
Passenger load factor 86.2% 85.8% 0.4 pts 84.8% 84.2% 0.6 pts

(1) 2016 information has been adjusted to include Virgin America operating results for comparison.

ALASKA Alaska reported a 6.8 percent increase in traffic on a 6.2 percent increase in capacity compared to August 2016. Load factor increased 0.5 points to 86.7 percent. Alaska also reported 82.8 percent of its flights arrived on time in August 2017, compared to 87.8 percent reported in August 2016.

The following table shows Alaska’s operational results for August and year-to-date, compared to the prior-year periods:

August Year-to-Date
2017 2016 Change 2017 2016 Change
Revenue passengers (000) 2,414 2,303 4.8% 17,625 16,521 6.7%
RPMs (000,000) 3,233 3,027 6.8% 23,840 22,255 7.1%
ASMs (000,000) 3,732 3,513 6.2% 27,824 26,243 6.0%
Passenger load factor 86.7% 86.2% 0.5 pts 85.7% 84.8% 0.9 pts
On-time arrivals as reported to U.S. DOT 82.8% 87.8% (5.0) pts 81.5% 88.3% (6.8) pts

VIRGIN AMERICA Virgin America traffic increased 2.7 percent on a 3.0 percent increase in capacity compared to August 2016. Load factor decreased 0.3 points to 85.8 percent. Virgin America also reported 66.7 percent of its flights arrived on time in August 2017, compared to 73.9 percent in August 2016.

The following table shows Virgin America operational results for August and year-to-date, compared to the prior-year periods:

August Year-to-Date
2017 2016 Change 2017 2016 Change
Revenue passengers (000) 763 744 2.6% 5,492 5,354 2.6%
RPMs (000,000) 1,175 1,144 2.7% 8,405 8,089 3.9%
ASMs (000,000) 1,369 1,329 3.0% 10,007 9,620 4.0%
Passenger load factor 85.8% 86.1% (0.3) pts 84.0% 84.1% (0.1) pts
On-time arrivals as reported to U.S. DOT 66.7% 73.9% (7.2) pts 65.9% 75.8% (9.9) pts

REGIONAL Regional traffic increased 7.7 percent on a 6.6 percent increase in capacity compared to August 2016. Load factor increased 0.9 points to 83.4 percent. Regional carriers also reported 76.3 percent of its flights arrived on time in August 2017, compared to 83.1 percent in August 2016.

The following table shows regional operational results for August and year-to-date compared to the prior-year periods:

August Year-to-Date
2017 2016 Change 2017 2016 Change
Revenue passengers (000) 850 889 (4.4)% 6,402 6,304 1.6%
RPMs (000,000) 376 349 7.7% 2,665 2,486 7.2%
ASMs (000,000) 451 423 6.6% 3,317 3,124 6.2%
Passenger load factor 83.4% 82.5% 0.9 pts 80.3% 79.6% 0.7 pts
On-time arrivals as reported to U.S. DOT 76.3% 83.1% (6.8) pts 78.9% 87.2% (8.3) pts

Alaska Airlines, together with Virgin America and its regional partners, flies 40 million guests a year to 118 destinations with an average of 1,200 daily flights across the United States and to Mexico, Canada, Costa Rica and Cuba. With Alaska and Alaska Global Partners, guests can earn and redeem miles on flights to more than 900 destinations worldwide. Alaska Airlines ranked “Highest in Customer Satisfaction Among Traditional Carriers in North America” in the J.D. Power North America Satisfaction Study for 10 consecutive years from 2008 to 2017. Learn more about Alaska’s award-winning service and unmatched reliability at newsroom.alaskaair.com and blog.alaskaair.com. Alaska Airlines, Virgin America and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).

SOURCE Alaska Air Group Inc.

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