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BRIEF-Alaska Air CEO Says Expect DOJ To Complete The Review Of Hawaiian Airlines Acquisition Deal By Aug. 5 - Conf Call
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BRIEF-Alaska Air CEO Says Expect DOJ To Complete The Review Of Hawaiian Airlines Acquisition Deal By Aug. 5 - Conf Call
Jul 18, 2024 10:06 AM

July 18 (Reuters) - Alaska Air Group Inc ( ALK ):

* ALASKA AIR ( ALK ) CEO SAYS EXPECT DOJ TO COMPLETE THE REVIEW OF

HAWAIIAN AIRLINES ACQUISITION DEAL BY AUG. 5 - CONF CALL

* ALASKA AIR ( ALK ) 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

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