Bilan d'Alaska et Horizon, perte de près de 136 millions USD, une partie Fuel hedges et des efforts tout de même :
Fuel hedge losses, restructuring charges and special items sank Alaska Airlines and Horizon Air parent Alaska Air Group to a $135.9 million net loss in 2008, reversed from a $124.3 million profit in 2007.
In the fourth quarter alone the company recorded an $80.2 million mark-to-market fuel hedge loss, $50
million in realized losses related to the early termination of fuel hedge contracts, restructuring charges of $9.2 million and $6.7 million in costs related to the disposal of Horizon's CRJ700s. It suffered a $75.2 million loss in the quarter compared to a $7.4 million profit in the final three months of 2007.
"In a year of unprecedented volatility. . .we were pleased to eke out a small profit for 2008 excluding special items and be one of only a few major airlines to do so," Chairman and CEO Bill Ayer said, adding that the company is "prepared...to face whatever hurdles the current year brings."
Full-year revenue increased 4.5% to $3.66 billion while expenses rose 16.4% to $3.83 billion. Alaska's operating result, which included the above charges, swung to a $172.2 million loss from a $210.9 million profit in 2007.
The mainline reported a $153.3 million pre-tax loss in 2008, reversed from a $215 million profit the previous year. It flew 18.71 billion RPMs, up 1.4% year-over-year, while capacity stayed flat at 24.22 billion ASMs. Load factor rose 1.1 point to 77.3%. Yield was ahead 2.3% to 14.1 cents and operating RASM increased 4.7% to 12.1 cents. The fleet numbered 110 aircraft at year end, down from 115 the
Horizon suffered a $55.8 million pre-tax loss, widened from a $10.7 million deficit in 2007. It ended
the year with 58 aircraft, down from 70, and reported declines in RPMs, capacity and load factor.