Scheduled passenger services provider Alaska Air Group, Inc. (ALK) reported Monday operational results for the month of March for its subsidiaries, Alaska Airlines and Horizon Air. The group's combined traffic, capacity and passenger load factor improved from last year.
The operational results include flights operated by Alaska and those under capacity purchase agreements, including Horizon, SkyWest and PenAir.
The Seattle, Washington-based airliner reported that combined Air Group traffic for the month of July, measured in revenue passenger miles, or RPMs, declined grew 8.4 percent to 2.77 billion from 2.55 billion in the same period last year.
Capacity, measured in available seat miles, or ASMs, increased 8.0 percent to 3.12 billion from 2.89 billion in July 2012. Alaska Air Group's load factor for July increased 0.3 percentage points to 88.6 percent from 88.3 percent in the same month a year ago.
Alaska Air Group carried 2.62 million revenue passengers in the month of July, up 7.2 percent from 2.45 million in the preceding year month.
For Alaska Airlines, traffic for the month improved 9.2 percent to 2.52 billion, and capacity also grew 9.2 percent to 2.84 billion from last year. Passenger load factor edged up 0.1 percentage points to 88.9 percent from a year ago.
Alaska Airlines carried 1.92 million revenue passengers in the month of July, up 8.8 percent from the preceding year month.
Alaska Airlines also reported that 84.5 percent of its flights arrived on time in July 2013, a 4.1 percentage points decline from last year.
For Horizon Air, traffic increased 1.9 percent to 202 million RPMs, while capacity declined 1.2 percent to 238 million ASMs from a year ago. Passenger load factor was 84.7 percent, up 2.5 percentage points from last year.
Horizon Air carried 649 thousand revenue passengers in the month, up 3.9 percent from the preceding year month. Horizon Air also reported that 89.4 percent of its flights arrived on time, but declined 2.5 percentage points decline from last year.
ALK closed Friday's regular trading session at $63.12, up $1.05 on a volume of 0.76 million shares.
by RTT Staff Writer
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