Alaska Air Group Inc. (NYSE: ALK) reported January operational results on a consolidated basis, for its mainline operations operated by subsidiaries Alaska Airlines, Inc. and Virgin America Inc., for regional operations of its subsidiary Horizon Air Industries, Inc., and for third-party regional carriers, SkyWest Airlines and Peninsula Airlines (regional traffic), the company said.
Winter storms significantly impacted the operational performance across the network in January 2017. Detailed information is provided below.
On a combined basis, Air Group reported a 6.9% increase in traffic on a 7.6% increase in capacity compared to January 2016. Load factor decreased 0.5 points to 78.1%. These statistics include flights operated by Alaska Airlines, Virgin America, Horizon, and those under third-party capacity purchase agreements. Air Group´s acquisition of Virgin America took place on Dec. 14, 2016. Operational results include Virgin America results from pre-acquisition periods for comparative purposes.
Alaska Airlines reported a 5.9% increase in traffic on a 6.4% increase in capacity compared to January 2016. Load factor decreased 0.3 points to 79.3%. Alaska also reported 77.7% of its flights arrived on time in January, compared to 87.0% reported in January 2016.
Virgin America traffic increased 10.3% on an 11.9% increase in capacity compared to January 2016. Load factor decreased 1.0 point to 76.2%. Virgin America also reported 62.9% of its flights arrived on time in January, compared to 74.5% in January 2016. 2016 information has been adjusted to include Virgin America operating results for comparison purposes.
Regional traffic increased 5.3% on a similar increase in capacity compared to January 2016. Load factor was flat at 74.2%. Regional also reported 64.1% of its flights arrived on time in January, compared to 84.0% in January 2016.
Alaska Airlines, together with Virgin America and its regional partners, flies 40 million customers a year to 118 destinations with an average of 1,200 daily flights across the United States and to Mexico, Canada, Costa Rica, and Cuba. Alaska Airlines, Virgin America and Horizon Air are subsidiaries of Alaska Air Group (NYSE: ALK).