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Alaska Air Group reports February 2017 operational results

Alaska Air Group reports February 2017 operational results

On March 10, 2017, Alaska Air Group Inc. (NYSE: ALK) reported February 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 (Regional). Winter storms in 2017 significantly impacted the operational performance across the network. Detailed information is provided below.

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 1.7 percent increase in traffic on a 1.2 percent increase in capacity compared to February 2016. Load factor increased 0.3 points to 80.4 percent.

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

February Year-to-Date
2017 2016 Change 2017 2016 Change
Revenue passengers (000) 3,031 2,980 1.7% 6,277 6,050 3.8%
Revenue passenger miles RPM (000,000) “traffic” 3,511 3,453 1.7% 7,347 7,044 4.3%
Available seat miles ASM (000,000) “capacity” 4,366 4,313 1.2% 9,277 8,879 4.5%
Passenger load factor 80.4% 80.1% 0.3 pts 79.2% 79.3% (0.1) pts
(1)     2016 information has been adjusted to include Virgin America operating results for comparison.

ALASKA

Alaska reported a 1.5 percent increase in traffic on a 0.6 percent increase in capacity compared to February 2016. Load factor increased 0.7 points to 81.4 percent. Alaska also reported 77.6 percent of its flights arrived on time in February 2017, compared to 89.3 percent reported in February 2016.

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

February Year-to-Date
2017 2016 Change 2017 2016 Change
Revenue passengers (000) 1,794 1,742 3.0% 3,709 3,553 4.4%
RPMs (000,000) 2,415 2,380 1.5% 5,052 4,871 3.7%
ASMs (000,000) 2,967 2,948 0.6% 6,294 6,076 3.6%
Passenger load factor 81.4% 80.7% 0.7 pts 80.3% 80.2% 0.1 pts
On-time arrivals as reported to U.S. DOT 77.6% 89.3% (11.7) pts 77.6% 88.1% (10.5) pts

VIRGIN AMERICA

Virgin America traffic increased 2.6 percent on a 3.4 percent increase in capacity compared to February 2016. Load factor decreased 0.7 points to 78.3 percent. Virgin America also reported 64.6 percent of its flights arrived on time in February 2017, compared to 84.6 percent in February 2016.

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

February Year-to-Date
2017 2016 Change 2017 2016 Change
Revenue passengers (000) 553 546 1.3% 1,165 1,107 5.2%
RPMs (000,000) 825 804 2.6% 1,745 1,638 6.5%
ASMs (000,000) 1,053 1,018 3.4% 2,261 2,099 7.7%
Passenger load factor 78.3% 79.0% (0.7) pts 77.2% 78.0% (0.8) pts
On-time arrivals as reported to U.S. DOT 64.6% 84.6% (20.0) pts 64.2% 79.3% (15.1) pts

REGIONAL

Regional traffic increased 0.7 percent on a 0.3 percent decrease in capacity compared to February 2016. Load factor increased 0.8 points to 78.3 percent. Regional also reported 69.6 percent of its flights arrived on time in February 2017, compared to 91.7 percent in February 2016.

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

February Year-to-Date
2017 2016 Change 2017 2016 Change
Revenue passengers (000) 684 692 (1.2)% 1,403 1,390 0.9%
RPMs (000,000) 271 269 0.7% 550 535 2.8%
ASMs (000,000) 346 347 (0.3)% 722 704 2.6%
Passenger load factor 78.3% 77.5% 0.8 pts 76.2% 76.0% 0.2 pts
On-time arrivals as reported to U.S. DOT 69.6% 91.7% (22.1) pts 66.9% 87.9% (21.0) pts

 

Alaska Airlines, together with Virgin America and its regional partners, flies 40 million customers 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.

 

SOURCE Alaska Air Group Inc.

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