Skip to main content

Market Overview

2 Reviews And 7 Recaps As Airlines Begin Reporting September Traffic

Share:
2 Reviews And 7 Recaps As Airlines Begin Reporting September Traffic

Alaska Air Group, Inc. (NYSE: ALK) and Delta Air Lines, Inc. (NYSE: DAL) both reported their respective financial and operating metrics on Tuesday.

Alaska Air said it saw a 7.4 percent increase in traffic throughout September on a 4.2 percent increase in capacity. Load factor rose 2.5 percent to 84.1 percent. Revenue per passenger mile (RPM, in millions) rose to $2,828 from $2,633 a year ago, while available seat miles (ASM, in millions) rose to 3,361 from 3,225 a year ago.

Related Link: Fast Money Traders Shares Their Picks In The Travel And Leisure Sector

Delta said its consolidated passenger unit revenue (PRASM) for the month of September fell 3.0 percent on a year-over-year basis as close-in domestic yield pressures "moderated slightly," but the company continued to face a supply-demand imbalance in the Transatlantic region in addition to headwinds from last year's yen hedge gains in the month.

The company added that its mainline complete factor was 99.9 percent and on-time performance was 90.2 percent.

August Recap

Here is a brief recap of what airlines reported in their August metrics:

  • American Airlines Group Inc (NASDAQ: AAL): RPMs fell 2.8 percent on a year-over-year basis and ASMs rose 1.4 percent.
  • Copa Holdings, S.A. (NYSE: CPA): RPMs rose 13.2 percent on a year-over-year basis.
  • Hawaiian Holdings, Inc. (NASDAQ: HA): RPMs rose 7.1 percent on a year-over-year basis and ASMs rose 5.6 percent.
  • JetBlue Airways Corporation (NASDAQ: JBLU): RPMs rose 6.2 percent on a year-over-year basis and ASMs rose 5.7 percent.
  • Southwest Airlines Co (NYSE: LUV): RPMs rose 3.6 percent on a year-over-year basis.
  • Spirit Airlines Incorporated (NASDAQ: SAVE): RPMs rose 18.3 percent on a year-over-year basis and ASMs rose 17.1 percent.
  • United Continental Holdings Inc (NYSE: UAL): RPMs rose 0.6 percent on a year-over-year basis and ASMs rose 1.9 percent.

Full ratings data available on Benzinga Pro.

Do you have ideas for articles/interviews you'd like to see more of on Benzinga? Please email feedback@benzinga.com with your best article ideas. One person will be randomly selected to win a $20 Amazon gift card!

 

Related Articles (ALK + AAL)

View Comments and Join the Discussion!

Posted-In: Airline Metrics airline stocksNews Previews Travel Econ #s Trading Ideas General Best of Benzinga

Don't Miss Any Updates!
News Directly in Your Inbox
Subscribe to:
Benzinga Premarket Activity
Get pre-market outlook, mid-day update and after-market roundup emails in your inbox.
Market in 5 Minutes
Everything you need to know about the market - quick & easy.
Fintech Focus
A daily collection of all things fintech, interesting developments and market updates.
SPAC
Everything you need to know about the latest SPAC news.
Thank You

Thank you for subscribing! If you have any questions feel free to call us at 1-877-440-ZING or email us at vipaccounts@benzinga.com