Alaska Airlines and Horizon Air 2007 Annual Report Download - page 134

ALASKA AIRLINES FINANCIAL AND STATISTICAL DATA
Quarter Ended December 31 Year Ended December 31
2007 2006
%
Change 2007 2006
%
Change 2005
%
Change
Financial Data (in millions):
Operating Revenues:
Passenger ........................ $612.8 $570.6 7.4 $2,547.2 $2,453.1 3.8 $2,183.0 12.4
Freight and mail .................... 21.3 21.6 (1.4) 94.2 93.4 0.9 90.3 3.4
Other—net ........................ 41.3 36.6 12.8 147.1 129.6 13.5 125.9 2.9
Total mainline operating revenues ...... 675.4 628.8 7.4 2,788.5 2,676.1 2,399.2 11.5
Passenger—purchased capacity ....... 71.9 3.4 NM 281.4 16.4 NM 16.9 (3.0)
Total Operating Revenues ........... 747.3 632.2 18.2 3,069.9 2,692.5 14.0 2,416.1 11.4
Operating Expenses:
Wages and benefits ................. 191.0 190.4 0.3 752.9 743.3 1.3 722.1 2.9
Variable incentive pay ............... 2.3 10.4 (77.9) 13.5 27.7 (51.3) 15.3 81.0
Aircraft fuel, including hedging gains and
losses ......................... 182.2 189.8 (4.0) 737.5 757.0 (2.6) 476.0 59.0
Aircraft maintenance ................ 42.0 38.2 9.9 149.8 156.8 (4.5) 185.2 (15.3)
Aircraft rent ....................... 29.5 26.3 12.2 112.8 110.9 1.7 116.8 (5.1)
Landing fees and other rentals ........ 42.8 40.3 6.2 170.1 158.2 7.5 156.2 1.3
Contracted services ................. 32.9 30.2 8.9 124.1 117.5 5.6 104.9 12.0
Selling expenses ................... 30.0 31.5 (4.8) 129.3 141.5 (8.6) 132.6 6.7
Depreciation and amortization ......... 36.2 38.2 (5.2) 142.3 137.8 3.3 125.4 9.9
Food and beverage service ........... 12.1 12.2 (0.8) 46.9 48.3 (2.9) 48.8 (1.0)
Other ............................ 48.1 42.7 12.6 173.1 161.1 7.4 157.6 2.2
Fleet transition costs ................ ——NM —189.5 NM — NM
Restructuring charges and
adjustments ..................... —(7.6) NM —24.8 NM 20.4 NM
Total mainline operating expenses ..... 649.1 642.6 1.0 2,552.3 2,774.4 (8.0) 2,261.3 22.7
Purchased capacity costs ............ 80.7 3.2 NM 302.8 14.3 NM 15.0 (4.7)
Total Operating Expenses ............ 729.8 645.8 13.0 2,855.1 2,788.7 2.4 2,276.3 22.5
Operating Income (Loss) ............ 17.5 (13.6) NM 214.8 (96.2) NM 139.8 NM
Interest income .................... 15.1 15.1 64.8 56.3 32.5
Interest expense ................... (21.3) (19.8) (86.2) (73.3) (51.2)
Interest capitalized ................. 6.6 6.0 25.7 21.5 8.1
Other—net ........................ (2.7) 0.2 (3.1) (0.5) (5.0)
(2.3) 1.5 1.2 4.0 (15.6)
Income (Loss) Before Income Tax and
Accounting Change ............... $ 15.2 $ (12.1) NM $ 216.0 $ (92.2) NM $ 124.2 NM
Mainline Operating Statistics:
Revenue passengers (000) ........... 4,191 4,107 2.0 17,558 17,165 2.3 16,759 2.4
RPMs (000,000) “traffic” ............ 4,498 4,243 6.0 18,451 17,822 3.5 16,915 5.4
ASMs (000,000) “capacity” .......... 6,020 5,755 4.6 24,208 23,278 4.0 22,292 4.4
Passenger load factor ............... 74.7% 73.7% 1.0pts 76.2% 76.6% (0.4)pts 75.9% 0.7pts
Yield per passenger mile ............. 13.62¢ 13.45¢ 1.3 13.81¢ 13.76¢ 0.3 12.91¢ 6.7
Operating revenues per ASM .......... 11.22¢ 10.93¢ 2.7 11.52¢ 11.50¢ 0.2 10.76¢ 6.8
Passenger revenue per ASM .......... 10.18¢ 9.91¢ 2.7 10.52¢ 10.54¢ (0.2) 9.79¢ 7.6
Operating expenses per ASM ......... 10.78¢ 11.17¢ (3.5) 10.54¢ 11.92¢ (11.6) 10.14¢ 17.6
Aircraft fuel cost per ASM ............ 3.02¢ 3.30¢ (8.3) 3.04¢ 3.25¢ (6.4) 2.13¢ 53.0
Fleet transition costs per ASM ........ ——NM —0.81¢ NM 0.00¢ NM
Restructuring charges per ASM ........ —-0.13¢ NM —0.11¢ NM 0.09¢ NM
Navigation fee refund per ASM ........ ——— —— — 0.02¢ NM
Aircraft fuel cost per gallon ........... $ 2.09 $ 2.18 (4.1) $ 2.08 $ 2.14 (2.8) $ 1.37 56.2
Economic fuel cost per gallon ......... $ 2.48 $ 1.98 25.2 $ 2.20 $ 1.92 14.6 $ 1.53 25.5
Fuel gallons (000,000) .............. 87.2 87.1 0.1 354.3 354.3 0.0 346.4 2.3
Average number of full-time equivalent
employees ...................... 9,672 9,485 2.0 9,679 9,322 3.8 9,065 2.8
Aircraft utilization (blk hrs/day) ........ 10.7 10.6 0.9 10.9 11.0 (0.9) 10.8 1.9
Average aircraft stage length (miles) .... 946 914 3.5 926 919 0.8 898 2.3
Operating fleet at period-end .......... 115 114 1a/c 115 114 1a/c 110 4a/c
Purchased Capacity Operating Statistics:
RPMs (000,000) ................... 287 9NM 1,099 41 NM 42 NM
ASMs (000,000) ................... 386 15 NM 1,453 67 NM 71 NM
NM = Not Meaningful
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