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 May 15, 2018 | ||
April 2018 Traffic Press Release dated May 15, 2018 |
AIR GROUP - CONSOLIDATED |
April 2018 | April 2017 | % Change | |||
Revenue passengers (in thousands) | 3,839 | 3,670 | 4.6% | ||
Traffic (RPMs in millions) | 4,599 | 4,346 | 5.8% | ||
Capacity (ASMs in millions) | 5,457 | 5,019 | 8.7% | ||
Load factor | 84.3% | 86.6% | (2.3) pts | ||
Economic fuel cost per gallon | $2.23 | $1.79 | 24.6% |
Forecast Full Year 2018 | Full Year 2017 As Adjusted (a) | % Change | Prior Guidance April 23, 2018 | ||||
Capacity (ASMs in millions) | 65,980 - 66,130 | 62,072 | ~ 6.5% | 65,980 - 66,130 | |||
Cost per ASM excluding fuel and special items (cents)(a) | 8.51¢ - 8.56¢ | 8.25¢ | ~ 3.5% | 8.51¢ - 8.56¢ | |||
Fuel gallons (000,000) | 845 | 797 | ~ 6.0% | 845 |
Forecast Q2 2018 | Q2 2017 As Adjusted (a) | % Change | Prior Guidance April 23, 2018 | ||||
Capacity (ASMs in millions) | 16,910 - 16,960 | 15,612 | ~ 8.5% | 16,910 - 16,960 | |||
Cost per ASM excluding fuel and special items (cents)(a) | 8.34¢ - 8.39¢ | 7.98¢ | ~ 4.8% | 8.34¢ - 8.39¢ | |||
Fuel gallons (000,000) | 217 | 201 | ~ 8.0% | 217 | |||
Economic fuel cost per gallon(b) | $2.27 | $1.71 | ~ 32.5% | $2.25 |
(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 second quarter includes the following per-gallon assumptions: crude oil cost - $1.65 ($69 per barrel); refining margin - 53 cents; benefit of settled hedges - 6 cents; with the remaining difference due to taxes and other into-plane costs. |
(in millions) | April 30, 2018 | December 31, 2017 | |||||
Cash and marketable securities | $ | 1,591 | $ | 1,528 | |||
Common shares outstanding | 123.259 | 123.350 |
Contact: | Investor contact: | |
Media Relations | Matt Grady | |
(206) 304-0008 | Director, Investor Relations | |
newsroom@alaskaair.com | (206) 392-5382 |
April | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 3,839 | 3,670 | 4.6% | 14,329 | 13,677 | 4.8% | |||||
Revenue passenger miles RPM (000,000) "traffic" | 4,599 | 4,346 | 5.8% | 17,003 | 16,054 | 5.9% | |||||
Available seat miles ASM (000,000) "capacity" | 5,457 | 5,019 | 8.7% | 20,937 | 19,413 | 7.9% | |||||
Passenger load factor | 84.3% | 86.6% | (2.3) pts | 81.2% | 82.7% | (1.5) pts |
April | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 3,025 | 2,888 | 4.7% | 11,236 | 10,661 | 5.4% | |||||
RPMs (000,000) | 4,203 | 4,025 | 4.4% | 15,563 | 14,853 | 4.8% | |||||
ASMs (000,000) | 4,958 | 4,616 | 7.4% | 19,056 | 17,876 | 6.6% | |||||
Passenger load factor | 84.8% | 87.2% | (2.4) pts | 81.7% | 83.1% | (1.4) pts | |||||
On-time arrivals as reported to U.S. DOT | 83.4% | 77.1% | 6.3 pts | 84.1% | 75.2% | 8.9 pts |
April | Year-to-Date | ||||||||||
2018 | 2017 | Change | 2018 | 2017 | Change | ||||||
Revenue passengers (000) | 814 | 782 | 4.1% | 3,093 | 3,016 | 2.6% | |||||
RPMs (000,000) | 396 | 321 | 23.4% | 1,440 | 1,201 | 19.9% | |||||
ASMs (000,000) | 499 | 403 | 23.8% | 1,881 | 1,537 | 22.4% | |||||
Passenger load factor | 79.4% | 79.7% | (0.3) pts | 76.6% | 78.1% | (1.5) pts | |||||
On-time arrivals as reported to U.S. DOT | 85.6% | 86.6% | (1.0) pts | 86.0% | 76.4% | 9.6 pts |
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