Alaska Airlines and Horizon Air 2009 Annual Report Download - page 129

ALASKA AIRLINES FINANCIAL AND STATISTICAL DATA
Three Months Ended December 31 Year Ended December 31
2009 2008
%
Change 2009 2008
%
Change 2007
%
Change
Financial Data (in millions)
Operating Revenues:
Passenger ........................ $594.5 $602.5 (1.3) $2,438.8 $2,643.7 (7.8) $2,547.2 3.8
Freight and mail .................... 22.5 22.2 1.4 91.5 99.3 (7.9) 94.2 5.4
Other—net ........................ 50.8 34.0 49.4 187.3 135.2 38.5 147.1 (8.1)
Change in Mileage Plan terms ......... ——NM —42.3 NM — NM
Total mainline operating revenues ...... 667.8 658.7 1.4 2,717.6 2,920.5 (6.9) 2,788.5 4.7
Passenger—purchased capacity ....... 77.0 66.9 15.1 288.4 300.8 (4.1) 281.4 6.9
Total Operating Revenues ............ 744.8 725.6 2.6 3,006.0 3,221.3 (6.7) 3,069.9 4.9
Operating Expenses:
Wages and benefits ................. 197.7 183.8 7.6 792.6 742.7 6.7 753.9 (1.5)
Variable incentive pay ............... 17.6 5.0 252.0 61.6 15.8 289.9 13.5 17.0
Aircraft fuel, including hedging gains
and losses ...................... 143.1 298.4 (52.0) 549.0 1,162.4 (52.8) 737.5 57.6
Aircraft maintenance ................ 40.5 38.5 5.2 169.9 150.6 12.8 149.8 0.5
Aircraft rent ....................... 27.2 23.8 14.3 109.0 106.2 2.6 112.8 (5.9)
Landing fees and other rentals ........ 42.4 40.8 3.9 166.8 167.7 (0.5) 170.1 (1.4)
Contracted services ................. 30.3 29.7 2.0 118.9 130.2 (8.7) 124.1 4.9
Selling expenses ................... 27.9 20.4 36.8 104.7 116.0 (9.7) 129.3 (10.3)
Depreciation and amortization ......... 45.9 42.7 7.5 178.5 165.9 7.6 142.3 16.6
Food and beverage service ........... 12.8 11.2 14.3 47.7 48.3 (1.2) 46.9 3.0
Other ............................ 41.9 40.1 4.5 161.2 170.3 (5.3) 173.1 (1.6)
New pilot contract transition costs ..... ——NM 35.8 —NM —NM
Restructuring charges ............... —9.2 NM —12.9 NM — NM
Fleet transition costs—MD-80 ......... ——NM —47.5 NM — NM
Total mainline operating expenses ..... 627.3 743.6 (15.6) 2,495.7 3,036.5 (17.8) 2,553.3 18.9
Purchased capacity costs ............ 75.2 66.9 12.4 281.5 313.7 (10.3) 302.8 3.6
Total Operating Expenses ............ 702.5 810.5 (13.3) 2,777.2 3,350.2 (17.1) 2,856.1 17.3
Operating Income (Loss) ............ 42.3 (84.9) NM 228.8 (128.9) NM 213.8 NM
Interest income .................... 9.4 13.1 38.6 51.3 64.8
Interest expense ................... (20.6) (25.0) (88.1) (92.5) (86.2)
Interest capitalized ................. 1.6 4.1 7.3 20.2 25.7
Other—net ........................ 2.5 (0.7) (2.8) (3.4) (3.1)
(7.1) (8.5) (45.0) (24.4) 1.2
Income (Loss) Before Income Tax ..... $ 35.2 $ (93.4) NM $ 183.8 $ (153.3) NM $ 215.0 NM
Mainline Operating Statistics:
Revenue passengers (000) ........... 3,765 3,772 (0.2) 15,561 16,809 (7.4) 17,558 (4.3)
RPMs (000,000) “traffic” ............ 4,550 4,302 5.8 18,362 18,712 (1.9) 18,451 1.4
ASMs (000,000) “capacity” ........... 5,675 5,590 1.5 23,144 24,218 (4.4) 24,208 0.0
Passenger load factor ............... 80.2% 77.0% 3.2pts 79.3% 77.3% 2.0pts 76.2% 1.1pts
Yield per passenger mile ............. 13.07¢ 14.01¢ (6.7) 13.28¢ 14.13¢ (6.0) 13.81¢ 2.3
Operating revenues per ASM “RASM” . . . 11.77¢ 11.78¢ (0.1) 11.74¢ 12.06¢ (2.7) 11.52¢ 4.7
Change in Mileage Plan terms per ASM . . ——NM —0.17¢ NM — NM
Passenger revenue per ASM “PRASM” . . 10.48¢ 10.78¢ (2.8) 10.54¢ 10.92¢ (3.5) 10.52¢ 3.7
Operating expenses per ASM .......... 11.05¢ 13.30¢ (16.9) 10.78¢ 12.54¢ (14.0) 10.55¢ 18.9
Operating expenses per ASM, excluding
fuel, new pilot contract transition
costs, restructuring charges and fleet
transition costs .................. 8.53¢ 7.80¢ 9.4 8.26¢ 7.49¢ 10.2 7.50¢ (0.1)
Aircraft fuel cost per gallon ........... $ 1.91 $ 3.95 (51.6) $ 1.81 $ 3.48 (48.0) $ 2.08 67.3
Economic fuel cost per gallon ......... $ 2.26 $ 2.52 (10.3) $ 2.05 $ 3.00 (31.7) $ 2.20 36.4
Fuel gallons (000,000) .............. 75.0 75.5 (0.7) 304.9 333.8 (8.7) 354.3 (5.8)
Average number of full-time equivalent
employees ...................... 8,701 9,156 (5.0) 8,915 9,628 (7.4) 9,679 (0.5)
Aircraft utilization (blk hrs/day) ........ 9.3 10.0 (7.0) 9.8 10.6 (7.5) 10.9 (2.8)
Average aircraft stage length (miles) .... 1,058 995 6.3 1,034 979 5.6 926 5.7
Operating fleet at period-end .......... 115 110 5 a/c 115 110 5 a/c 115 (5)a/c
Purchased Capacity Operating
Statistics:
RPMs (000,000) ................... 276 227 21.6 1,053 1,100 (4.3) 1,099 0.1
ASMs (000,000) ................... 373 316 18.0 1,431 1,469 (2.6) 1,453 1.1
Passenger load factor ............... 74.0% 71.8% 2.2pts 73.6% 74.9% (1.3)pts 75.6% (0.7)pts
Yield per passenger mile ............. 27.90¢ 29.47¢ (5.3) 27.39¢ 27.35¢ 0.1 25.61¢ 6.8
RASM ............................ 20.64¢ 21.17¢ (2.5) 20.15¢ 20.48¢ (1.6) 19.37¢ 5.7
Operating expenses per ASM .......... 20.16¢ 21.17¢ (4.8) 19.67¢ 21.35¢ (7.9) 20.84¢ 2.4
NM = Not Meaningful
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ŠForm 10-K