Friday, April 25, 2014

Alaska Airlines 1st quarter results double over last years

Alaska Airlines 737-890 (35191/2560) N594AS rotates from Rwy 19R at John Wayne Orange County Airport (SNA/KSNA) on April 20, 2014.
(Photo by Michael Carter)

Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported $94 million net income for the first-quarter, more than doubling the $37 million net income reported in the year-ago period.

Excluding the impact of mark-to-market fuel hedge adjustments of $5 million, the company reported a first-quarter “record” net income of $89 million, compared to $44 million in 2013.

Revenue increased 7.9% year-over-year to $1.22 billion as operating expenses came to $1.08 billion, up 1.1% from the 2013 March quarter.

Alaska Air Group’s first-quarter mainline traffic grew 3.7% year-over-year to 6.4 billion RPMs on a 4.1% capacity rise to 7.5 billion ASMs, producing a passenger load factor of 85.4%, down 0.3 point from the 85.7% passenger load factor reported in the 2013 first-quarter.

The company reported 4,737,000 mainline passengers for the first quarter, up 4.5% year-over-year from the 4,534,000 passengers carried in the year-ago quarter. Mainline yield rose 3.4% year-over-year to 13.34 cents. CASM ex-fuel grew 1.2% year-over-year to 7.68 cents.

First-quarter regional operating results—reflecting the performance of Alaska Air Group subsidiary Horizon Air and third-party carriers—included an 8.2% year-over rise in traffic to 675 million RPMs.

Capacity grew 9.9% year-over-year to 857 million ASMs, resulting in a passenger load factor of 78.8%, down 1.2 points year-over-year. There were 1,912,000 passengers for Alaska’s regional carriers in the first quarter, up 5.5% year-over-year from 1.812,000 passengers in the March 2013 quarter. Regional yield fell 5.4% year-over-year to 27.53 cents.

In January, Alaska Airlines firmed an order for two Boeing 737-900ER aircraft, a transaction worth $192 million at current list prices. During the same month, the carrier took delivery of its 100th 737 NextGen aircraft.

(Mark Nensel - ATWOnline News)

No comments: