Brief: Alaska Air CEO Says Company Was Profitable In June With Double Digit Pre-Tax Margin
BRIEF-Alaska Air CEO Says Company Was Profitable In June With Double Digit Pre-Tax Margin July 22 (Reuters) -
ALASKA AIR GROUP CEO: RETURNED TO PROFITABILITY IN JUNE WITH DOUBLE DIGIT PRE-TAX MARGIN DESPITE FUEL PRICES UP NEARLY 70% Y/Y - CONF CALL
ALASKA AIR EXEC: HAD MATERIAL ACCELERATION OF UNIT REVENUES ACROSS APRIL, MAY, JUNE- CONF CALL
ALASKA AIR EXEC: PREMIUM REVENUE NOW REPRESENTS 35% OF TOTAL REVENUE
ALASKA AIR EXEC: MORE THAN HALF OF EVERY REVENUE DOLLAR GENERATED NOW COMES FROM OUTSIDE THE MAIN CABIN
ALASKA AIR EXEC: EXEC: DEMAND HAS PROVEN DURABLE EVEN AS FARES MOVED HIGHER
ALASKA AIR EXEC: WE'RE ESPECIALLY ENCOURAGED BY THE STRENGTH OF HIGHER YIELDING DEMAND
ALASKA AIR EXEC: FORWARD CORPORATE BOOKINGS ARE UP 37%, SEVEN POINTS HIGHER THAN THE 30% ACHIEVED IN Q2
ALASKA AIR EXEC: BOOKINGS INTO SUMMER PEAK, EARLY FALL SHOULDER PACING WELL WITH UNIT REVENUE GROWTH RUNNING IN MID TEENS Y/Y
ALASKA AIR EXEC: AS FUEL NORMALIZES, THE TIMING OF WHICH IS TOUGH TO PREDICT, WE SEE CLEAR PATH TO OUR $10 ANNUAL EPS TARGET
ALASKA AIR EXEC: EARNINGS TO BECOME MORE DURABLE ACROSS CYCLES AS PREMIUM LOYALTY, CARGO AND ANCILLARY REVENUE MIX RISE OVER TIME
ALASKA AIR EXEC: WE DO THINK THAT THAT THE BOEING MAX10 WILL GET CERTIFIED RELATIVELY SOON
Further company coverage: ALK.N
((Reutersbriefs@thomsonreuters.com;))
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