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Alaska Air Group September Traffic Up on Route Expansion

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Alaska Air Group, Inc. 's ALK air traffic - measured in revenue passenger miles (RPMs) - for Sep 2015 stood at 2.63 billion, up 10% from 2.39 billion a year ago.

On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) improved 10.3% to 3.22 billion. Meanwhile, the load factor or percentage of seats filled by passengers decreased to 81.6% from 81.9% in Sep 2014.

At the end of the first nine months of 2015, Alaska Air Group generated RPMs of 25.05 billion (up 8.6% year over year) and ASMs of 29.57 billion (up 9.9% year over year). Load factor stood at 84.7% compared with 85.7% a year ago.

A few days back, Alaska Airlines, a division of Alaska Air Group, initiated flight service between the cities of Seattle and Raleigh/Durham, North Carolina. This year, the carrier has added extended its network to six new cities (inclusive of the latest addition of Raleigh). Also, last month, Alaska Airlines flagged off non-stop flights between Nashville and Seattle, thereby expanding its non-stop service to 84 destinations from Seattle alone.

At present, Alaska Air Group serves more than 100 cities in North America. We believe that increased demand for air travel coupled with continuous expansion of routes and enhanced customer satisfaction have led to the impressive operating results. Moreover, the upcoming holiday season is likely to boost travel demand for the overall airlines industry.

Zacks Rank & Key Picks

Alaska Air Group currently sports a Zacks Rank #1 (Strong Buy). Other favorably ranked stocks in the same space are Ryanair Holdings plc RYAAY , Delta Air Lines DAL and JetBlue Airways Corp. JBLU . All three stocks sport the same Zacks Rank as Alaska Air Group.

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RYANAIR HLDGS (RYAAY): Free Stock Analysis Report

JETBLUE AIRWAYS (JBLU): Free Stock Analysis Report

DELTA AIR LINES (DAL): Free Stock Analysis Report

ALASKA AIR GRP (ALK): Free Stock Analysis Report

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The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.


The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.

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