Third-quarter corporate travel revenue at Alaska Air Group
Carriers, including Alaska Airlines and Hawaiian Airlines, increased 8 percent
year over year "while close-in demand remained strong," the carrier
said in a late Thursday statement.
The carrier's executives canceled the Friday quarterly
earnings call to discuss the company's financial results due to what it called
"a significant IT outage" late Thursday that led to a systemwide
ground stop for Alaska Airlines and Horizon Air flights.
As of early Friday morning, the company said it was still
working to restore normal operations and had canceled more than 360 Alaska and
Horizon flights, adding that additional disruption was likely due to the need
to reposition aircraft and crew. Hawaiian Airlines flights weren't affected,
the company said.
Alaska attributed the outage to a "failure" in its
primary data center, "not a cybersecurity incident." The company
recommended travelers check their flight status before departure.
Alaska Q3 Metrics
Alaska Air Group reported third-quarter passenger revenue of
more than $3.4 billion, up 21 percent year over year. Total operating revenue
increased 23 percent to nearly $3.8 billion.
The company's net income was $73 million, compared with net
income of $236 million in the third quarter of 2024. Unit costs, which exclude
fuel, freighter costs and special items, increased 8.6 percent year over year,
"primarily due to elevated recovery costs from the IT outage that resulted
in irregular operations in July and several weeks of challenging weather,"
according to the company.
Alaska Air Group projected fourth-quarter capacity to increase
2 percent to 3 percent year over year and full-year capacity to increase about
2 percent.
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Q2 performance