Brief: Alaska Air CEO Says Remain Committed To Relationship With Boeing But Want To Hold Them Accountable --- Conf. Call

Hawaiian Holdings

25/01/2024 17:33

Jan 25 (Reuters) - Alaska Air Group Inc  ALK.N :
    * ALASKA AIR CEO SAYS REMAIN COMMITTED TO RELATIONSHIP WITH
BOEING
BUT WANT TO HOLD THEM ACCOUNTABLE --- CONF. CALL
    * ALASKA AIR CEO:  HAVE UTMOST CONFIDENCE THAT WITH FAA
OVERSIGHT
AS WELL AS OUR OWN THAT BOEING WILL EMERGE WITH IMPROVED QUALITY
PROCESSES AS A BETTER AND SAFER MANUFACTURER
    * ALASKA AIR CEO SAYS HELD INITIAL CONVERSATIONS WITH THE
DOJ
ABOUT HAWAIIAN DEAL
    * ALASKA AIR EXEC SAYS EXPECTS TO BE MADE WHOLE FOR PROFIT
IMPACT
FROM BOEING GROUNDING
    * ALASKA AIR EXEC SAYS EXPECTS SOME BOEING 737 MAX
DELIVERIES TO
BE DELAYED
    * ALASKA AIR EXEC SAYS RESUMED NEGOTIATIONS WITH FLIGHT
ATTENDANTS
    * ALASKA AIR CEO SAYS FIRST PRIORITY TO GET MAX 9 FLEET BACK
INTO
SERVICE, GET OUR SCHEDULE BACK UP TO 100%
    * ALASKA AIR CFO SAYS HAVE STARTED TO THINK ABOUT FLEET PLAN
GOING
FORWARD
    * ALASKA AIR CFO SAYS HAVE ENOUGH AIRCRAFT TO FLY THE
SCHEDULE
WE'RE SELLING TODAY
    * ALASKA AIR CFO SAYS WE'LL BE CAREFUL TO MAKE SURE WE'VE
GOT
ENOUGH FLEET TO FLY WHAT WE'RE OUT THERE SELLING
    * ALASKA AIR CFO SAYS I THINK WE'RE GOING TO HAVE A MUCH
LOWER
GROWTH RATE THAN WE HAD INITIALLY THOUGHT
    * ALASKA AIR CFO SAYS EVEN THOUGH UNIT COST MIGHT BE
PRESSURED
BECAUSE OF GROWTH RATE, CORE COST STRUCTURE GOING TO BE IN
BETTER POSITION RELATIVE TO OTHERS
    * ALASKA AIR CFO SAYS $150 MILLION PROFIT HIT DUE TO TICKETS
CO
HAD TO CANCEL, REFUND
    * ALASKA AIR CFO SAYS SOME CLOSE-IN REVENUE LOSS THAT'S IN
THE
NEXT FEW WEEKS FROM BUSINESS, LEISURE TRAVEL
    * ALASKA AIR EXEC SAYS EXPECT TO HAVE CANCELED OVER 3,000
FLIGHTS
DURING JANUARY
    * ALASKA CEO: WE'RE GOING TO RAISE THE BAR ON QUALITY ON
BOEING
    * ALASKA AIR CEO: WE GOT 231 737S THAT WE'VE BEEN HAPPY WITH
    * ALASKA AIR CEO: UNTIL THE GROUNDING, WE WERE HAPPY WITH
THE MAX
    * ALASKA AIR CEO: BOEING 737 IS WELL SUITED FOR OUR NETWORK
    * ALASKA AIR CEO: WE'RE GOING TO HOLD BOEING'S FEET TO THE
FIRE TO
MAKE SURE THAT WE GET GOOD AIRPLANES OUT OF THAT FACTORY
    * ALASKA AIR EXEC SAYS IN 8 DAYS FROM NOW WE'LL HAVE MAX9S
FULLY
DEPLOYED OUT
    * ALASKA AIR CEO: WE GOT A FAULTY DOOR PLUG FROM BOEING,
TOTALLY
UNRELATED TO THE LIGHT OR PRESSURIZATION ISSUES

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