Reuters logo
BRIEF-Alaska Air sees Q4 2017 cost per ASM excluding fuel and special items of 8.50 cents to 8.55 cents
October 31, 2017 / 9:41 PM / 21 days ago

BRIEF-Alaska Air sees Q4 2017 cost per ASM excluding fuel and special items of 8.50 cents to 8.55 cents

Oct 31 (Reuters) - Alaska Air Group Inc

* Alaska Air Group Inc - on Oct 30, co got decision from third-party arbitration panel on new wage rates, retirement contributions for Alaska Airlines, Virgin America‍​ pilots‍​

* Alaska Air Group Inc sees Q4 2017 cost per ASM excluding fuel and special items of 8.50 cents to 8.55 cents - SEC filing‍​

* Alaska Air Group Inc sees fy 2017 cost per ASM excluding fuel and special items 8.19 cents - 8.21 cents

* Alaska Air Group Inc - the new wage rates equate to an approximately 33 pct increase for top-of-scale captains at Virgin America

* Alaska Air Group Inc - the new wage rates equate to an approximately 16 pct for top-of-scale captains at Alaska Airlines

* Alaska Air Group Inc - ‍estimate impact of new contract with pilots to be an extra cost of about $24 million for rest of 2017, $150 million in 2018, and $180 million in 2019​

* Alaska Air Group Inc - ‍over life of contract with pilots, average annualized impact is approximately $160 million to $165 million - SEC filing​ Source text: [bit.ly/2yisVtk] Further company coverage:

Our Standards:The Thomson Reuters Trust Principles.
0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below