1-8957 | 91-1292054 | |
(Commission File Number) | (IRS Employer Identification No.) |
19300 International Boulevard, Seattle, Washington | 98188 | |
(Address of Principal Executive Offices) | (Zip Code) |
December 2018 Traffic Press Release dated January 14, 2019 | ||
Investor Update dated January 14, 2019 |
Contact: | Investor contact: | |
Media Relations | Matt Grady | |
(206) 304-0008 | Director, Investor Relations | |
newsroom@alaskaair.com | (206) 392-5382 |
December | Full-Year | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 3,696 | 3,718 | (0.6)% | 45,802 | 44,005 | 4.1% | |||||
Revenue passenger miles RPM (000,000) "traffic" | 4,489 | 4,505 | (0.4)% | 54,673 | 52,337 | 4.5% | |||||
Available seat miles ASM (000,000) "capacity" | 5,461 | 5,475 | (0.3)% | 65,335 | 62,070 | 5.3% | |||||
Passenger load factor | 82.2% | 82.3% | (0.1) pts | 83.7% | 84.3% | (0.6) pts |
December | Full Year | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (in thousands) | 2,795 | 2,946 | (5.1)% | 35,603 | 34,510 | 3.2% | |||||
RPMs (in millions) | 4,036 | 4,149 | (2.7)% | 49,781 | 48,236 | 3.2% | |||||
ASMs (in millions) | 4,885 | 5,021 | (2.7)% | 59,187 | 56,943 | 3.9% | |||||
Passenger load factor | 82.6% | 82.6% | — | 84.1% | 84.7% | (0.6) pts | |||||
On-time arrivals as reported to U.S. DOT(1) | 81.9% | 83.1% | (1.2) pts | 82.6% | 79.1% | 3.5 pts |
December | Full Year | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (in thousands) | 901 | 772 | 16.7% | 10,199 | 9,495 | 7.4% | |||||
RPMs (in millions) | 453 | 356 | 27.2% | 4,892 | 4,101 | 19.3% | |||||
ASMs (in millions) | 576 | 454 | 26.9% | 6,148 | 5,127 | 19.9% | |||||
Passenger load factor | 78.6% | 78.4% | 0.2 pts | 79.6% | 80.0% | (0.4) pts | |||||
On-time arrivals(1) | 78.9% | 80.4% | (1.5) pts | 83.0% | 80.1% | 2.9 pts |
AIR GROUP - CONSOLIDATED |
Q4 2018 | Q4 2017 | % Change | |||
Revenue passengers (in thousands) | 11,117 | 10,966 | 1.4% | ||
Traffic (RPMs in millions) | 13,401 | 13,265 | 1.0% | ||
Capacity (ASMs in millions) | 16,079 | 15,901 | 1.1% | ||
Load factor | 83.3% | 83.4% | (0.1) pts |
Q4 2018 Forecast | Q4 2017 | % Change | Prior Guidance December 14, 2018 | ||||
Revenue per ASM (cents)(a) | 12.82¢ - 12.84¢ | 12.21¢ | ~ 5.1% | 12.70¢ - 12.80¢ | |||
Cost per ASM excluding fuel and special items (cents)(a) | 8.95¢ - 8.97¢ | 8.68¢ | ~ 3.2% | 8.97¢ - 9.01¢ | |||
Fuel gallons (000,000) | 208 | 205 | ~ 1.5% | 208 | |||
Economic fuel cost per gallon(a)(b) | $2.35 | $2.00 | ~ 17.5% | $2.36 |
(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 fourth quarter includes the following per-gallon assumptions: crude oil cost - $1.40 ($59 per barrel); refining margin - 67 cents; with the remaining difference due to taxes and other into-plane costs. There was no impact from settled hedges for the fourth quarter. |
&YXS'DJ>8EY
MYWI&>J5[!'MC>\)\(7R!?.%]07VA?@%^8G["?R-_A'_E@$> J($*@6N!S8(P
M@I*"](-7@[J$'82 A..%1X6KA@Z& & 9.A<7R%"#W
M8"8GG<1F81E(HV7J+-LAID;4D'(LWG8"XY@49^6[.09-'=N]8T?N.KSU]/G4
M5#HG^?*S3:7N!V\D24S)F<%9F&S430X\J^B$?QYF^-ZJ HI!Z7S#IT*I8GV,
M\J2^2@VX40#ME)K:/LW18U(Y'5A*O5-^H,2^"S61Q+L9/@5RT22,O!I(B%DA
MD*[.B\+HQUVWLCL0*N9TWF%SV#QV550AN[='D0'D$F4F.= ??QE1P-]P- [/
M C(>I]\.KS_DZOVKW
M$ 23"%FWT;DP?F@1Z3"DN6&AKUEV\02(#'GD.T,'KII CDTCYD/I/Y=A+QL4(^SJ3J_"=+PJ^2N"9Y ?)LK<"6ZFU[Q'R41I
MZ_=9FCB)]D,SCC7DZ;Z1S75$YCQMMN!"//NYB8K6+OK32<3S?YHXP\FNY55]
MJH7F*L*9DSO(GD0PAB3)N9)8.#.9&0B^*(%*.0R&
M-9&,$I;B'$T+,8I ZJ%;DA8CT8$*5N6,9Y&AN8,
;,1V A:4^OL^@J)^B^G9FPSE';SE&;85S5"C6.\HX[-70
M$OAY^U9TOQC[39LNVU^RX:W70TN%,#'3$W')&$?$H]*(\1%R..%"@(H.(.?F
M*DR&:*XB26&6.:&55>.6)UDC=' 971U)5E92"""00?6HTEBFMI7AGCDAFB8I
M)'(K1R(Z$@JRL RE6&B"!W'T;KL-PZ>-MO(X=C(%CJ*E ^7=N \T\).L#9'L
MZ]0\39D$A!FI
;7=9(] N!YB2+M3I75?0V'ZIMY3-!'
M;Y(1D6^1B0"9'&BBS!2HGB)'%EDVP4G@RG54Q?U^OG12VN.YP(JX2K,-[.R:
M'UKA2O;I/GG T88UK7"U?\MX8R=C$.ST>.&:_P#3/YI#&%K_ &,_YQ(8\W]Q
MGF([#,256JZ=ZBQW4V.CR&/DV#I;BW=@)K68 %X9D!)!!.U?NDJ$,K$'0JEU
M#T[D>FEFA<^JD:Y*3RC;:N P[_3L,YFRCMYRC"4<=FK1^'S !>LZ7PQ]ILW6CFQ?;.[+H87"F!CI\$D<<-L24>E$>)%
M(Y(Q90$4(CG-H%PFN)!#^)1M; 9.U.86"SM$?L(UN%Q3%"1._P!PY?1X5;A#
MK0^,-O=IDHL;6^
1V-5#'36(?.YS&XI-ZNKE!*PUM+>/[I<2=P1[,*.0.^VXC1J>5@S
M$L=P'A7$.#(@]-$HIAG&$"Q5&2,C<,GS@!S 85Y),(6;?1N3"*E CTF%)7WSH8WL$9,PD.EZ((W
M'0%J-N"2!3*GI'JE8A.W3^6\MM<2+*SM;U(U'G*VN*R_AHR=AG4&,R
M!T?X@Y;IB=(99)+[$LP$UE+(S-$O<<[1W)$++O9CUY3ZTRAM.+EWJ\U?1YDZ
M_-3T^9<.^"'Q6X]Q#]OPR&9/FH:]O/Q*%O6\S1K2$8Q"[.(XV,W!D
M(OKG'7T1BN;61HY%((#:^]DC+ K_ '\=Y_CU_P#6CS?_ !O\Z<1WQXAN
M_&G5U_[Y^Z3X_P#ZW3?V+3#_ !^-7.PF$PTF'Q+OB,8[OC<>[NUA:,SLUI:L
MS,S6Q+%B3R)8DEB223NJ39G,Y9,ODT3*9!57(7JJHO;M5 %W. %N
MHT-#6JD=\"S>OO*RUQ4]K&/
/77S4^=1[M\W2/]C.U6KZ
M)X5??;DY8;=GI43B22,&6'Q5;O=,C_I_//8)#''_ &Z-R$H[$UQ4"RO1M)HP
M3ALY[B/]7;+,=CC#<1VDBCN/.E!5B/8C92KGNIN^Z0YQ&=SY24BX1DJNUK$Q
MKR;,7 <$?8A)[DH%^3SC?:^ZQWS[#R:-RPO 3V-HA*Q@;78TX^"L)!
M(QA3E;EC=CNISO'F41SCN6W YEB8TRVD8V,97S-D7(L=82)HR(C&IYD%ETC,
M#6IEL,+EA[
'Q@QN/LL!CY+.RL[61\O&C-;VMO S)\$NSQ+101L5)4'18CD =$@$>[P=R.
M0N^H[V.ZO;NYC7$RL$GN;B9 PN;4!PLLSKR[D;X[&SHZ-=IT1%76K)T^OSJ#
M%TF/=INIP1OQQ5$,(;F-P6&XF1VE0&2/XOBC,V1<=QY](GN7\[#'9YZ$B$B$
M#'1IT-$"![DI>:ZWU]B+&M+M_6W8-;=JY-$1%]"2,]A(A/S!E/ZC7R8Y%[F-Q])5AW_11?3\49
MKS+@B1/)?@_+63L-RTB&
Z.X$R*-C0U
M[(&JN#X:YKXZZ5L2[ 4LIK2;1*"11QE4'1>&52T
0H
M;#3O=J0.@K46YMB]-?LJ:=5/-6G7Z?/3P_Q]2JMXJ8(8CJ5[J&/A:9A#>IH'
MBMSL)>(/9'B333(K
M#<;NTQZ+BG;,3RG"L,F4WF_(CCBD=R' YO>"XOBG>5NZT1L3WRC>1