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April 14, 2021, 6:25 a.m. EDT

Alaska Air sees first-quarter revenue in line with guidance, load factor better than forecasts

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By Tomi Kilgore

Alaska Air Group Inc. /zigman2/quotes/200972303/composite ALK -1.17% disclosed Wednesday a financial outlook for the first quarter, with revenue in line with expectations but load factor above forecasts. The air carrier's stock was still inactive in premarket trading. The company expects total revenue to be down 57.5% from the same period in 2019, pre-pandemic, compared with a previously provided guidance range of down 55% to 60%. Load factor for the quarter is expected to be 52%, above previous guidance of 45% to 50%, with capacity expected to be down 33% form 2019 and revenue passengers to be down 55%. Previously provided guidance for capacity was down about 33% and for traffic was down 55% to 60%. For the month of March, revenue is expected to be down 52% from the same period in 2019, while load factor is expected to be 62% as capacity declined 28% and traffic fell 45%. The company said it March was the first month it generated positive operating cash flow since the COVID-19 pandemic began, as vaccine distribution and relaxed restrictions boosted demand. The company is slated to report first-quarter results on April 22. The stock has run up 35.0% year to date while the U.S. Global Jets ETF /zigman2/quotes/207744796/composite JETS -2.94% has advanced 19.8% and the S&P 500 /zigman2/quotes/210599714/realtime SPX -2.14% has gained 10.3%.

/zigman2/quotes/200972303/composite
US : U.S.: NYSE
$ 64.77
-0.77 -1.17%
Volume: 1.81M
May 12, 2021 4:00p
P/E Ratio
N/A
Dividend Yield
0.00%
Market Cap
$8.16 billion
Rev. per Employee
$162,113
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/zigman2/quotes/207744796/composite
US : U.S.: NYSE Arca
$ 24.78
-0.75 -2.94%
Volume: 5.82M
May 12, 2021 4:00p
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/zigman2/quotes/210599714/realtime
US : S&P US
4,063.04
-89.06 -2.14%
Volume: 2.40B
May 12, 2021 5:03p
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