Monday, Alaska Air Group, Inc. (ALK), the operator of Alaska Airlines and Horizon Air, reported an increase in load factor for both of its carriers for September.
Alaska Airlines September load factor rose 2.1 points to 77.9% from 75.8% a year earlier. While, capacity declined 1.4% year-over-year to 1.86 billion available seat miles or ASMs from 1.89 billion ASMs, traffic grew by 1.4% to 1.45 billion revenue passenger miles or RPMs from 1.43 billion RPMs for the same period a year earlier. Revenue passengers of the Airlines were 1.23 million, down 4.7% from 1.29 million last September.
Horizon Air's load factor increased 1.1 points in September to 73.7% from 72.6% a year earlier. However, capacity of the Airlines dropped 2.6% to 270 million ASMs from 277 million ASMs for the same period last year and Traffic slipped 1.1% to 199 million RPMs from 201 million RPMs last September. Revenue passengers of the Airlines were 556 thousand, down 4.9% from 584 thousand last year.
Year-to-date, load factor of Alaska Airlines was 79.1%, up 1.7 points from 77.4% for the prior year period. Traffic declined 4.1% to 13.81 billion RPMs from 14.41 billion RPMs a year earlier and Capcity dropped to 17.47 billion ASMs from 18.63 billion ASMs for the same period last year. Revenue passengers declined by 9.5% to 11.80 million from 13.04 million last year.
Horizon Air's year-to-date load factor dropped 0.5 points to 72.8% from 73.3% for the prior year period. Revenue passengers were 5.05 million, down 12.1% from 5.75 million a year earlier. Capacity was down 12.8% to 2.47 billion ASMs from 2.83 billion ASMs a year-ago and traffic of the Airlines declined 13.3% to 1.80 billion RPMs from 2.07 billion RPMs for the year earlier period.
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