Alaska Air Group Reports December and Full-Year Operational Results

Alaska Air Group Inc. (NYSE: ALK) today reported December and year-end operational results for its subsidiaries, Alaska Airlines and Horizon Air, and on a combined basis. Detailed information is provided below.

ALASKA AIRLINES – MAINLINE
Alaska reported a 6.5 percent increase in traffic on a 4.5 percent increase in capacity compared to December 2012. This resulted in a 1.7-point increase in load factor, to a record 88.0 percent. Alaska also reported 85.5 percent of its flights arrived on time in December, compared to the 83.3 percent reported in December 2012. For the full-year 2013, Alaska reported a load factor of 86.1 percent and carried a record 19.7 million passengers.
The following table shows Alaska’s operational results for December and full-year 2013, compared to the prior-year periods:

December
Full Year
2013 2012 Change 2013 2012 Change
Revenue passengers (in thousands) 1,672 1,549 8.0% 19,737 18,526 6.5%
Revenue passenger miles RPM (in millions) 2,243 2,105 6.5% 26,172 24,417 7.2%
Available seat miles ASM (in millions) 2,550 2,440 4.5% 30,411 28,180 7.9%
Passenger load factor 88.0% 86.3% 1.7pts 86.1% 86.6% (0.5)pts
On-time arrivals as reported to U.S. DOT 85.5% 83.3% 2.2pts 87.2% 87.5% (0.3)pts

HORIZON AIR
Horizon reported a 3.9 percent increase in December traffic on flat capacity compared to December 2012. This resulted in a 3.1-point increase in load factor, to a December record of 82.5 percent. Horizon also reported 78.5 percent of its flights arrived on time in December, compared to the 85.2 percent reported in December 2012. For the full-year 2013, Horizon reported a record load factor of 80.8 percent and carried 7.1 million passengers.

The following table shows Horizon’s operational results for December and full-year 2013, compared to the prior-year periods:

December
Full Year
2013 2012 Change 2013 2012 Change
Revenue passengers (in thousands) 621 586 5.9% 7,099 6,781 4.7%
RPMs (in millions) 186 179 3.9% 2,163 2,090 3.5%
ASMs (in millions) 226 226 —% 2,678 2,669 0.3%
Passenger load factor 82.5% 79.4% 3.1pts 80.8% 78.3% 2.5pts
On-time arrivals 78.5% 85.2% (6.7)pts 87.9% 91.0% (3.1)pts

AIR GROUP (including flights operated by third parties)
On a combined basis, Air Group reported a 6.7 percent increase in traffic on a 4.6 percent increase in capacity compared to December 2012. This resulted in a 1.8-point increase in load factor to a record 87.5 percent. These statistics include flights operated by Alaska and those under capacity purchase arrangements, including Horizon, SkyWest and a small third-party carrier in the state of Alaska.

The following table shows the operational results for December and full-year 2013, compared to the prior-year periods:

December
Full Year
2013 2012 Change 2013 2012 Change
Revenue passengers (in thousands) 2,351 2,181 7.8% 27,414 25,896 5.9%
RPMs (in millions) 2,481 2,324 6.7% 28,833 27,007 6.8%
ASMs (in millions) 2,836 2,712 4.6% 33,672 31,428 7.1%
Passenger load factor 87.5% 85.7% 1.8pts 85.6% 85.9% (0.3)pts

Alaska_Airlines

Source / Author: Alaska Air Group