1-8957 | 91-1292054 | |
(Commission File Number) | (IRS Employer Identification No.) |
19300 International Boulevard, Seattle, Washington | 98188 | |
(Address of Principal Executive Offices) | (Zip Code) |
September 2018 Traffic Press Release dated October 12, 2018 | ||
Investor Update dated October 12, 2018 |
Contact: | Investor contact: | |
Media Relations | Matt Grady | |
(206) 304-0008 | Director, Investor Relations | |
newsroom@alaskaair.com | (206) 392-5382 |
September | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 3,579 | 3,541 | 1.1% | 34,685 | 33,038 | 5.0% | |||||
Revenue passenger miles RPM (000,000) "traffic" | 4,186 | 4,162 | 0.6% | 41,272 | 39,072 | 5.6% | |||||
Available seat miles ASM (000,000) "capacity" | 5,183 | 5,021 | 3.2% | 49,256 | 46,169 | 6.7% | |||||
Passenger load factor | 80.8% | 82.9% | (2.1) pts | 83.8% | 84.6% | (0.8) pts |
September | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 2,755 | 2,755 | —% | 27,107 | 25,850 | 4.9% | |||||
RPMs (000,000) | 3,789 | 3,800 | (0.3)% | 37,677 | 36,045 | 4.5% | |||||
ASMs (000,000) | 4,676 | 4,566 | 2.4% | 44,730 | 42,397 | 5.5% | |||||
Passenger load factor | 81.0% | 83.2% | (2.2) pts | 84.2% | 85.0% | (0.8) pt | |||||
On-time arrivals as reported to U.S. DOT | 85.2% | 83.9% | 1.3 pts | 83.2% | 78.0% | 5.2 pts |
September | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 824 | 786 | 4.8% | 7,578 | 7,188 | 5.4% | |||||
RPMs (000,000) | 397 | 362 | 9.7% | 3,595 | 3,027 | 18.8% | |||||
ASMs (000,000) | 507 | 455 | 11.4% | 4,526 | 3,772 | 20.0% | |||||
Passenger load factor | 78.2% | 79.6% | (1.4) pts | 79.4% | 80.2% | (0.8) pts | |||||
On-time arrivals as reported to U.S. DOT | 83.4% | 82.7% | 0.7 pts | 84.5% | 79.4% | 5.1 pts |
AIR GROUP - CONSOLIDATED |
Q3 2018 | Q3 2017 | % Change | |||
Revenue passengers (in thousands) | 12,128 | 11,639 | 4.2% | ||
Traffic (RPMs in millions) | 14,386 | 13,811 | 4.2% | ||
Capacity (ASMs in millions) | 16,943 | 16,164 | 4.8% | ||
Load factor | 84.9% | 85.4% | (0.5) pts |
Q3 2018 Forecast | Q3 2017 | % Change | Prior Guidance September 17, 2018 | ||||
Revenue per ASM (cents)(a) | 13.03¢ - 13.05¢ | 13.06¢ | ~ (0.5)% - 0.0% | 12.76¢ - 13.06¢ | |||
Cost per ASM excluding fuel and special items (cents)(a) | 8.15¢ - 8.17¢ | 8.00¢ | ~ 2.0% | 8.30¢ - 8.35¢ | |||
Fuel gallons (000,000) | 218 | 207 | ~ 5.3% | 218 | |||
Economic fuel cost per gallon(b) | $2.33 | $1.80 | ~ 29.4% | $2.32 |
(a) | RASM and CASMex in the preceding forecast information reflect the impacts of the updated accounting standards, effective for the Company January 1, 2018. Information not impacted by the updated accounting standards (Capacity, Fuel gallons, Economic fuel cost per gallon) has not been restated. |
(b) | Our economic fuel cost per gallon estimate for the third quarter includes the following per-gallon assumptions: crude oil cost – $1.65 ($69 per barrel); refining margin – 54 cents; benefit of settled hedges – 4 cents; with the remaining difference due to taxes and other into-plane costs. |
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