Alaska Airlines and Horizon Air 2013 Annual Report Download - page 115

Download and view the complete annual report

Please find page 115 of the 2013 Alaska Airlines and Horizon Air annual report below. You can navigate through the pages in the report by either clicking on the pages listed below, or by using the keyword search tool below to find specific information within the annual report.

Page out of 188

  • 1
  • 2
  • 3
  • 4
  • 5
  • 6
  • 7
  • 8
  • 9
  • 10
  • 11
  • 12
  • 13
  • 14
  • 15
  • 16
  • 17
  • 18
  • 19
  • 20
  • 21
  • 22
  • 23
  • 24
  • 25
  • 26
  • 27
  • 28
  • 29
  • 30
  • 31
  • 32
  • 33
  • 34
  • 35
  • 36
  • 37
  • 38
  • 39
  • 40
  • 41
  • 42
  • 43
  • 44
  • 45
  • 46
  • 47
  • 48
  • 49
  • 50
  • 51
  • 52
  • 53
  • 54
  • 55
  • 56
  • 57
  • 58
  • 59
  • 60
  • 61
  • 62
  • 63
  • 64
  • 65
  • 66
  • 67
  • 68
  • 69
  • 70
  • 71
  • 72
  • 73
  • 74
  • 75
  • 76
  • 77
  • 78
  • 79
  • 80
  • 81
  • 82
  • 83
  • 84
  • 85
  • 86
  • 87
  • 88
  • 89
  • 90
  • 91
  • 92
  • 93
  • 94
  • 95
  • 96
  • 97
  • 98
  • 99
  • 100
  • 101
  • 102
  • 103
  • 104
  • 105
  • 106
  • 107
  • 108
  • 109
  • 110
  • 111
  • 112
  • 113
  • 114
  • 115
  • 116
  • 117
  • 118
  • 119
  • 120
  • 121
  • 122
  • 123
  • 124
  • 125
  • 126
  • 127
  • 128
  • 129
  • 130
  • 131
  • 132
  • 133
  • 134
  • 135
  • 136
  • 137
  • 138
  • 139
  • 140
  • 141
  • 142
  • 143
  • 144
  • 145
  • 146
  • 147
  • 148
  • 149
  • 150
  • 151
  • 152
  • 153
  • 154
  • 155
  • 156
  • 157
  • 158
  • 159
  • 160
  • 161
  • 162
  • 163
  • 164
  • 165
  • 166
  • 167
  • 168
  • 169
  • 170
  • 171
  • 172
  • 173
  • 174
  • 175
  • 176
  • 177
  • 178
  • 179
  • 180
  • 181
  • 182
  • 183
  • 184
  • 185
  • 186
  • 187
  • 188

• Achieved return on invested capital of 13.6%
in 2013, compared to 13% in 2012.
• Lowered adjusted debt-to-total capitalization
ratio to 35.0% as of December 31, 2013.
• Fully funded the Company’s defined-benefit
pension plans in 2013.
• Held $1.3 billion in unrestricted cash and
marketable securities as of December 31,
2013.
• Repurchased 2,492,093 shares of common
stock for approximately $159 million in
2013. Since 2007, Air Group has used
$478 million to repurchase 21 million
shares.
• Modified affinity card agreement with Bank
of America and extended through 2017,
estimated to generate $55 million in
additional cash flows on an annual basis.
• Received credit rating upgrade from
Standard and Poor’s to “BB+” with a stable
outlook.
Other highlights and achievements from 2013
include:
• Ranked “Highest in Customer Satisfaction
Among Traditional Network Carriers” by J.D.
Power and Associates for the sixth year in a
row.
• Ranked as the best major airline in the U.S.
by The Wall Street Journal’s “Middle Seat”
scorecard.
• Named Airline Industry Leader in the 2013
Temkin Customer Service Rankings.
• Held the top spot in U.S. Department of
Transportation on-time performance among
major U.S. airlines for the twelve months
ended November 2013.
• Alaska Airlines received the FAA's “Diamond
Certificate of Excellence” award for the 12th
consecutive year; and Horizon Air received
the certificate for the 12th time in the last
14 years.
• Improved employee productivity in 2013 by
4% compared to 2012.
• Signed five-year collective bargaining
agreements with Alaska pilots and Horizon
flight attendants.
• Named most fuel-efficient airline in the U.S.
in a report released by the International
Council on Clean Transportation.
• Donated $7.6 million to more than 1,300
charitable organizations, including support for
the grand opening of Aviation High School in
Seattle and other educational efforts. Our
employees also volunteered more than
10,500 hours of community service.
• Signed an exclusive multi-year partnership
with Seattle Seahawks quarterback, Russell
Wilson, and named him our “Chief Football
Officer.”
New Markets
In 2013, we added non-stop routes to our
network as follows:
New Non-Stop Routes Frequency Start Date
San Diego to Boston ......... Daily 3/29/2013
Seattle to Salt Lake City ...... 2xDaily 4/4/2013
San Diego to Lihue .......... Daily
(Seasonal),
4x Weekly 6/7/2013
Portland to Fairbanks ........ Daily
(Seasonal) 6/9/2013
Portland to Atlanta .......... Daily 8/26/2013
Portland to Dallas ........... Daily 9/16/2013
Seattle to Colorado Springs . . . Daily 11/1/2013
Portland to Tucson .......... Daily 11/1/2013
Portland to Boise ........... Daily 11/1/2013
San Diego to Boise .......... Daily 11/1/2013
Seattle to Omaha ........... Daily 11/7/2013
Portland to Reno ............ Daily 11/8/2013
Seattle to Steamboat
Springs .................
2x Weekly
(Seasonal) 12/18/2013
Anchorage to Phoenix ........ 3xWeekly
(Seasonal) 12/18/2013
Anchorage to Las Vegas ...... 3xWeekly 12/19/2013
San Diego to Mammoth
Lakes ..................
Daily
(Seasonal) 12/19/2013
29
ŠForm 10-K