Alaska Air Group's February Traffic Up, Load Factor Down
Zacks Investment Research | Mar 13, 2018 10:20PM ET
Alaska Air Group, Inc. (NYSE:ALK) reported traffic results for February. Traffic, measured in revenue passenger miles (RPMs) increased 7.9% to 3.78 billion.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 9% to 4.76 billion. However, load factor or percentage of seats filled by passengers contracted 80 basis points to 79.4% as capacity expansion outpaced traffic growth.
In the first two months of 2018, the carrier generated RPMs of 7.75 billion (up 5.6% year over year) and ASMs of 9.99 billion (up 7.7% year over year). Load factor was pegged at 78% compared with 79.4% in the first two months of 2017.
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