Alaska Air Group's (ALK) Load Factor Declines In October
Zacks Investment Research | Nov 14, 2019 10:18PM ET
Alaska Air Group, Inc. (NYSE:ALK) reported traffic statistics for October. Traffic, measured in revenue passenger miles (RPMs), increased 3.4% to 4.63 billion.
Also, on a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 3.6% to 5.53 billion. However, with capacity expansion outpacing traffic growth, load factor or percentage of seats filled by passengers contracted 10 basis points (bps) to 83.7%.
In the first 10 months of 2019, the carrier generated RPMs of 46.74 billion (up 2.2% year over year) and ASMs of 55.53 billion (up 1.7% year over year). With traffic growth outpacing capacity expansion, load factor increased 40 bps to 84.2%.
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