Brief: Alaska Air CEO Says Expect DOJ To Complete The Review Of Hawaiian Airlines Acquisition Deal By Aug. 5 - Conf Call

Hawaiian Holdings

18/07/2024 17:38

July 18 (Reuters) - Alaska Air Group Inc  ALK.N :
    * ALASKA AIR  CEO SAYS EXPECT DOJ TO COMPLETE THE REVIEW OF
HAWAIIAN AIRLINES ACQUISITION DEAL BY AUG. 5 - CONF CALL
    * ALASKA AIR  CEO SAYS WE NOW EXPECT FULL-YEAR CAPACITY
GROWTH TO
BE LESS THAN 2.5%
    * ALASKA AIR EXEC SAYS PLANNING FOR NEARLY FLAT CAPACITY IN
AUGUST
AND SEPTEMBER COMPARED WITH LAST YEAR
    * ALASKA AIR EXEC SAYS IN Q3 WE EXPECT MORE PRESSURE ON UNIT
COSTS
THAN WE SAW IN Q1 & Q2
    * ALASKA AIR EXEC SAYS DOMESTIC INDUSTRY CAPACITY IS SET TO
INCREASE ABOUT 3% YEAR-OVER-YEAR IN Q3 VERSUS THE 6% INCREASE IN
Q2
    * ALASKA AIR EXEC SAYS INTERNATIONAL VERSUS DOMESTIC TRAFFIC
MIX
HAS NOT YET NORMALIZED
    * ALASKA AIR EXEC SAYS OVER ONE POINT OF DEMAND HAS SHIFTED
OUT OF
DOMESTIC TRAVEL SINCE 2019
    * ALASKA AIR EXEC SAYS  ADVANCED BOOKINGS ARE COMING IN
ABOVE
CAPACITY GROWTH WITH LOAD FACTORS FOR AUGUST AND SEPTEMBER
    * ALASKA AIR EXEC SAYS THESE TRENDS GIVE US CONFIDENCE THAT
WE CAN
ACHIEVE FLAT TO POSITIVE UNIT REVENUES IN Q3  VERSUS LAST YEAR

Further company coverage:  ALK.N 

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