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Alaska Air Group Reports March Operational Results

SEATTLE — Alaska Air Group Inc. (NYSE: ALK) today reported March operational results for its subsidiaries, Alaska Airlines and Horizon Air, and on a combined basis. Detailed information is provided below.

ALASKA AIRLINES - MAINLINE

Alaska reported a 4.7 percent increase in traffic on a 3.0 percent increase in capacity compared to March 2011. This resulted in a 1.4-point increase in load factor to a record 88.8 percent, the highest load factor of any month in Air Group's history. This also contributed to a record first quarter load factor of 85.7 percent. Alaska reported 85.3 percent of its flights arrived on time in March, compared to 82.6 percent in March 2011.
The following table shows Alaska's operational results for March and first quarter of 2012, compared to the prior-year periods:
 

 
March
1st Quarter
  2012 2011 Change 2012 2011 Change
Revenue passengers (in thousands) 1,580 1,541 2.5% 4,275 4,107 4.1%
Revenue passenger miles RPM (in millions) 2,060 1,967 4.7% 5,637 5,279 6.8%
Available seat miles
ASM (in millions)
2,319 2,251 3.0% 6,575 6,353 3.5%
Passenger load factor 88.8% 87.4% 1.4pts 85.7% 83.1% 2.6pts
On-time arrivals as reported to U.S. DOT 85.3% 82.6% 2.7pts 84.5% 83.4% 1.1pts


HORIZON AIR

Horizon reported a 15.2 percent decline in March traffic on a 14.3 percent decline in capacity compared to March 2011. This resulted in a 0.8-point decrease in load factor to 78.3 percent. Horizon also reported 88.1 percent of its flights arrived on time in March, compared to 80.2 percent in March 2011. The significant decline in capacity and traffic for Horizon from the prior year is due primarily to the completion of Horizon’s transition out of the CRJ-700 regional jet and a corresponding reduction in the size of Horizon’s operating fleet from 54 aircraft at March 31, 2011, to 48 aircraft at March 31, 2012. This transition was completed in June 2011.

The following table shows Horizon’s operational results for March and first quarter of 2012, compared to the prior-year periods:

 
March
1st Quarter
  2012 2011 Change 2012 2011 Change
Revenue passengers (in thousands) 571 595 (4.0)% 1,583 1,645 (3.8)%
RPMs (in millions) 173 204 (15.2)% 482 563 (14.4)%
ASMs (in millions) 221 258 (14.3)% 634 742 (14.6)%
Passenger load factor 78.3% 79.1% (0.8)pts 76.0% 75.9% 0.1pts
On-time arrivals 88.1% 80.2% 7.9pts 88.2% 77.0% 11.2pts
             

AIR GROUP (including flights operated by third parties)

On a combined basis, Air Group reported a 4.7 percent increase in traffic on a 2.9 percent increase in capacity compared to March 2011. This resulted in a 1.4-point increase in load factor to 87.9 percent, an all-time monthly record for Air Group. These statistics include flights operated by Alaska and those under capacity purchase agreements, including Horizon, SkyWest and PenAir.

The following table shows the operational results for March and first quarter of 2012, compared to the prior-year periods:

 
March
1st Quarter
  2012 2011 Change 2012 2011 Change
Revenue passengers (in thousands) 2,201 2,136 3.0% 5,995 5,752 4.2%
RPMs (in millions) 2,276 2,174 4.7% 6,232 5,853 6.5%
ASMs (in millions) 2,588 2,514 2.9% 7,344 7,112 3.3%
Passenger load factor 87.9% 86.5% 1.4pts 84.9% 82.3% 2.6pts

 

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