1-8957 | 91-1292054 | |
(Commission File Number) | (IRS Employer Identification No.) |
19300 International Boulevard, Seattle, Washington | 98188 | |
(Address of Principal Executive Offices) | (Zip Code) |
Investor Update dated March 14, 2019 | ||
February 2019 Traffic Press Release dated March 14, 2019 |
AIR GROUP - CONSOLIDATED |
February 2019 | February 2018 | % Change | |||
Revenue passengers (in thousands) | 3,130 | 3,229 | (3.1)% | ||
Traffic (RPMs in millions) | 3,702 | 3,778 | (2.0)% | ||
Capacity (ASMs in millions) | 4,668 | 4,758 | (1.9)% | ||
Load factor | 79.3% | 79.4% | (0.1) pts | ||
Economic fuel cost per gallon | $2.14 | $2.15 | (0.5)% |
Forecast Full Year 2019 | Full Year 2018 | % Change | Prior Guidance February 19, 2019 | ||||
Capacity (ASMs in millions) | 66,590 - 66,790 | 65,335 | ~ 2% | 66,590 - 66,790 | |||
Cost per ASM excluding fuel and special items (cents) | 8.67¢ - 8.72¢ | 8.50¢ | ~ 2.0% - 2.5% | 8.67¢ - 8.72¢ | |||
Fuel gallons (000,000) | 852 | 839 | ~ 1.5% | 844 |
Forecast Q1 2019 | Q1 2018 | % Change | Prior Guidance March 5, 2019 | ||||
Capacity (ASMs in millions) | 15,500 - 15,550 | 15,480 | ~ 0.3% | 15,550 - 15,600 | |||
Revenue per ASM (cents) | 11.97¢ - 12.07¢ | 11.84¢ | ~ 1.0% - 2.0% | 11.97¢ - 12.07¢ | |||
Cost per ASM excluding fuel and special items (cents) | 9.16¢ - 9.21¢ | 8.81¢ | ~ 4.0% - 4.5% | 9.25¢ - 9.30¢ | |||
Fuel gallons (000,000) | 198 | 197 | ~ 0.5% | 198 | |||
Economic fuel cost per gallon(a) | $2.14 | $2.14 | —% | $2.05 |
(a) | Our economic fuel cost per gallon estimate for the first quarter includes the following per-gallon assumptions: crude oil cost – $1.29 ($54 per barrel); refining margin – 64 cents; cost of settled hedges – 2 cents; with the remaining difference due to taxes and other into-plane costs. |
(in millions) | February 28, 2019 | December 31, 2018 | |||||
Cash and marketable securities | $ | 1,372 | $ | 1,236 | |||
Common shares outstanding | 123.556 | 123.194 |
Contact: | Investor contact: | |
Media Relations | Matt Grady | |
(206) 304-0008 | Director, Investor Relations | |
newsroom@alaskaair.com | (206) 392-5382 |
February | Year-to-Date | ||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | ||||||
Revenue passengers (000) | 3,130 | 3,229 | (3.1)% | 6,526 | 6,571 | (0.7)% | |||||
Revenue passenger miles RPM (000,000) "traffic" | 3,702 | 3,778 | (2.0)% | 7,772 | 7,750 | 0.3% | |||||
Available seat miles ASM (000,000) "capacity" | 4,668 | 4,758 | (1.9)% | 9,951 | 9,994 | (0.4)% | |||||
Passenger load factor | 79.3% | 79.4% | (0.1) pts | 78.1% | 77.5% | 0.6 pts |
February | Year-to-Date | ||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | ||||||
Revenue passengers (000) | 2,370 | 2,531 | (6.4)% | 4,912 | 5,126 | (4.2)% | |||||
RPMs (000,000) | 3,321 | 3,462 | (4.1)% | 6,968 | 7,105 | (1.9)% | |||||
ASMs (000,000) | 4,184 | 4,345 | (3.7)% | 8,899 | 9,113 | (2.3)% | |||||
Passenger load factor | 79.4% | 79.7% | (0.3) pts | 78.3% | 78.0% | 0.3 pts | |||||
On-time arrivals as reported to U.S. DOT | 68.0% | 84.3% | (16.3) pts | 74.5% | 85.7% | (11.2) pts |
February | Year-to-Date | ||||||||||
2019 | 2018 | Change | 2019 | 2018 | Change | ||||||
Revenue passengers (000) | 760 | 698 | 8.9% | 1,614 | 1,445 | 11.7% | |||||
RPMs (000,000) | 381 | 316 | 20.6% | 804 | 645 | 24.7% | |||||
ASMs (000,000) | 484 | 413 | 17.2% | 1,052 | 881 | 19.4% | |||||
Passenger load factor | 78.7% | 76.5% | 2.2 pts | 76.4% | 73.2% | 3.2 pts | |||||
On-time arrivals as reported to U.S. DOT | 65.3% | 85.3% | (20.0) pts | 74.1% | 85.8% | (11.7) pts |
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