-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, C/qDqiPhwm8NLQ++zTL2WKGREdiNLpjFA4PjOyfTYYRxRFYYpJ8qnbyox1hGBQwh UENVs/Rb1ZncjjV5C0/TWQ== 0000891618-02-002182.txt : 20020507 0000891618-02-002182.hdr.sgml : 20020507 ACCESSION NUMBER: 0000891618-02-002182 CONFORMED SUBMISSION TYPE: 8-K PUBLIC DOCUMENT COUNT: 1 CONFORMED PERIOD OF REPORT: 20020506 ITEM INFORMATION: FILED AS OF DATE: 20020507 FILER: COMPANY DATA: COMPANY CONFORMED NAME: ALASKA AIR GROUP INC CENTRAL INDEX KEY: 0000766421 STANDARD INDUSTRIAL CLASSIFICATION: AIR TRANSPORTATION, SCHEDULED [4512] IRS NUMBER: 911292054 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 8-K SEC ACT: 1934 Act SEC FILE NUMBER: 001-08957 FILM NUMBER: 02635660 BUSINESS ADDRESS: STREET 1: 19300 PACIFIC HWY SOUTH CITY: SEATTLE STATE: WA ZIP: 98188 BUSINESS PHONE: 2064333200 MAIL ADDRESS: STREET 1: PO BOX 68947 CITY: SEATTLE STATE: WA ZIP: 98168-0947 8-K 1 v81375e8-k.txt FORM 8-K UNITED STATES SECURITIES AND EXCHANGE COMMISSION WASHINGTON, DC 20549 FORM 8-K CURRENT REPORT PURSUANT TO SECTION 13 OR 15(d) OF THE SECURITIES EXCHANGE ACT OF 1934 MAY 6, 2002 (Date of Report) ALASKA AIR GROUP, INC. (Exact name of registrant as specified in its charter) Commission file number 1-8957 DELAWARE 91-1292054 (State or other jurisdiction of (I.R.S. Employer incorporation or organization) Identification No.)
19300 PACIFIC HIGHWAY SOUTH, SEATTLE, WASHINGTON 98188 (Address of principal executive offices) (206) 431-7040 (Registrant's telephone number) 1 ITEM 9. REGULATION FD DISCLOSURE FORWARD-LOOKING INFORMATION This report may contain forward-looking statements that are based on the best information currently available to management. These forward-looking statements are intended to be subject to the safe harbor protection provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are indicated by phrases such as "will," "should," "the Company believes," "we expect" or any other language indicating a prediction of future events. There can be no assurance that actual developments will be those anticipated by the Company. Actual results could differ materially from those projected as a result of a number of factors, some of which the Company cannot predict or control. For a discussion of these factors, please see Item 1 of the Company's Annual Report on Form 10-K for the year ended December 31, 2001. The Company expressly disclaims any duty to update these projections, and makes no representation as to their continued accuracy in the event it does not provide such updates. SECOND QUARTER 2002 ESTIMATES
FORECAST CHANGE Q2 YR/YR ALASKA AIRLINES Capacity (ASMs in millions) 4,950 5.7% Fuel gallons (000,000) 83.0 3.5% Cost per ASM excluding fuel (cents) 8.60 3.8% HORIZON AIR Capacity (ASMs in millions) 607 5.5% Fuel gallons (000,000) 13.2 (17.7)% Cost per ASM excluding fuel (cents) 15.90 (6.2)%
CAPACITY AND TRAFFIC ESTIMATES FOR 2002 Provided below are capacity (ASMs in millions) estimates for the full year of 2002. Alaska Airlines capacity 19,500 9.0% Horizon Air capacity 2,404 11.9%
OTHER FINANCIAL INFORMATION Cash and Short-Term Investments Cash and short-term investments amounted to approximately $647 million on April 30, 2002. 2 Fuel Cost per Gallon Fuel cost per gallon including taxes and percentage change from prior year: Alaska Airlines April preliminary $0.80 (12.7)% Horizon Air April preliminary $0.83 (16.2)%
Current fuel hedge positions for Alaska and Horizon are as follows:
Approximate % of Expected Fuel Approximate Crude Oil Price per Requirements Barrel ------------ ------ May - June 2002 20% $23 July - December 2002 40% $22 January - December 2003 35% $22
SIGNATURE Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this report to be signed on its behalf by the undersigned thereunto duly authorized. ALASKA AIR GROUP, INC. - -------------------------------------- Registrant Date: May 6, 2002 /s/ Bradley D. Tilden - -------------------------------------- Bradley D. Tilden Executive Vice President/Finance and Chief Financial Officer 3 -----END PRIVACY-ENHANCED MESSAGE-----