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Company Watch - Alaska Air Group.


Oct 9, 2006

Alaska faces double-digit increases in unit costs. Alaska Air Group said yesterday in a filing to the US Securities and Exchange Commission that it expects a 38% year-over-year jump in third-quarter unit costs at Alaska Airlines Alaska Airlines, (NYSE: ALK) is an airline based in Seattle, Washington, United States. It operates hubs at Seattle-Tacoma International Airport, Ted Stevens Anchorage International Airport, Los Angeles International Airport, and Portland International Airport.  and a 21% increase in CASM CASM Cost per Available Seat Mile
CASM Communities and Small-scale Mining
CASM Canadian Academy of Sports Medicine
CASM Certificate of Advanced Study in Mathematics (Univeristy of Cambridge, UK)
CASM Coherent Adaptive Subcarrier Modulation
 at Horizon Air due to rising fuel costs and special items. AAG AAG Association of American Geographers (Washington, DC)
AAG Assistant Attorney General
AAG Asociación Argentina de Golf
AAG Anti-Aircraft Gun
AAG Assistant Adjutant General
AAG Australian Association of Gerontology
 said it expects to take a pre-tax third-quarter charge of $55-$60 million related to its decision to buy out five of nine long-term Long-term

Three or more years. In the context of accounting, more than 1 year.


long-term

1. Of or relating to a gain or loss in the value of a security that has been held over a specific length of time. Compare short-term.
 MD-80 leases and a $30 million charge related to a voluntary severance package A severance package is pay and benefits an employee receives when they leave employment at a company. In addition to the employee's remaining regular pay, it may include some of the following:
  • An additional payment based on months of service
 accepted by approximately 485 employees represented by the International Assn. of Machinists. The latter charge is $10 million higher than initially anticipated. Oct 6, 2006

Alaska Airlines announced the addition of a second daily winter season Fairbanks-Seattle frequency beginning Feb. 11 aboard a 737-400. Oct 6, 2006

Alaska Airlines flew 1.4 billion RPMs in September, up 5.9% over the year-ago month. Capacity rose 4.2% to 1.91 billion ASMs and load factor improved 1.2 points to 73.6%. Horizon flew 218.6 million RPMs last month, an increase of 4.6%, against a 3.8% rise in ASMs to 301.6 million, lifting load factor 0.6 point to 72.5%. Oct 6, 2006

Alaska Airlines third-quarter CASM is expected to be 13.1 cents, or 7.4 cents excluding fuel and special items, a decrease of 2% from the year-ago quarter. Horizon's CASM should come in at 18 cents, or 13.9 cents excluding fuel and special items, an increase of 9%. Oct 6, 2006

Editor: Aram Gesar, eMail: edit@AirGuideOnline.com

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Oct 2, 2006
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No portion of this article can be reproduced without the express written permission from the copyright holder.
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Publication:Airguide Online
Date:Oct 2, 2006
Words:309
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