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Alaska Air Group

From Wikipedia - Reading time: 11 min
Alaska Air Group, Inc.
Company typePublic
IndustryTransportation
Founded1985; 39 years ago (1985)
HeadquartersSeaTac, Washington, United States
Area served
United States
Key people
  • Ben Minicucci (Group CEO)
  • Patricia Bedient (Chair)
  • Joe Sprague (Hawaiian Airlines CEO)
  • Jason Berry (Horizon Air President)
RevenueIncrease US$10.42 billion (2023)
Increase US$394 million (2023)
Decrease US$235 million (2023)
Total assetsIncrease US$14.61 billion (2023)
Total equityIncrease US$4.11 billion (2023)
Number of employees
Increase 26,043 (2023)
Subsidiaries
Websiteinvestor.alaskaair.com
Footnotes / references
Financials as of December 31, 2023.
References:[1][2]

Alaska Air Group, Inc. is an American airline holding company based in SeaTac, Washington, United States. The group owns two mainline carriers, Alaska Airlines and Hawaiian Airlines, along with a regional airline, Horizon Air.[3] Alaska Airlines in turn wholly owns an aircraft ground handling company, McGee Air Services.

History

[edit]

Alaska Air Group was formed in 1985 as a holding company for Alaska Airlines, and a year later it acquired Horizon Air and Jet America Airlines. Jet America Airlines was merged into Alaska Airlines in 1987.[4]

In 2011, Alaska Air Group replaced the AMR Corporation in the Dow Jones Transportation Average following AMR's filing for bankruptcy.[5]

On March 29, 2016, Alaska Airlines announced that it would form a wholly owned subsidiary called McGee Air Services, a dedicated airline services company. McGee competes with other companies to provide ground handling, aircraft cleaning and wheelchair services to Alaska Airlines.[6]

On April 4, 2016, Alaska Air Group announced plans to acquire Virgin America, pending approval from US government regulators and Virgin America shareholders;[7] the acquisition was completed on December 14, 2016.[8] The total price was approximately $2.6 billion. Until 2018, Alaska Air Group continued to operate Alaska Airlines and Virgin America as separate airlines and continued to honor both Alaska's Mileage Plan and Virgin America's Elevate loyalty programs.[9] Following the acquisition of Virgin America, the actual number of Alaska Air Group employees had increased from 15,143 at the end of 2015 to 19,112 (12,224 at Alaska Airlines, 3,616 at Horizon Air, and 3,252 at Virgin America) by the end of 2016.[10]

On March 22, 2017, the company announced that Alaska Air Group would merge Virgin America and Alaska Airlines, with the combined airline to operate under the Alaska Airlines brand. The merger was largely completed on April 25, 2018 and the Virgin America brand was fully retired by June 2, 2019.[11]

On December 3, 2023, Alaska Air Group announced that it planned to purchase Hawaiian Airlines in a deal worth approximately $1.9 billion. The deal would retain both Alaska Airlines and Hawaiian Airlines as separate brands.[12][13] On August 19, 2024, the U.S. Department of Justice completed its regulatory antitrust review of the proposed acquisition and declined file a lawsuit to block it.[14] The merger received the approval of the U.S. Department of Transportation on September 17, 2024 with the merger closing the following day.[15] [16]

Corporate affairs

[edit]
[edit]

The key trends for Alaska Air Group are shown below (as at year ending December 31):[17]

Revenue
(US$m) 		Net income
(US$m) 		Number of
employees
(FTE) 		Number of
passengers
(m) 		Passenger
load factor
(%) 		Number of
aircraft 		Notes/
references
2009 3,400 122 12,223 15.5 79.3 115 [18]
2010 3,832 251 11,696 23.3 82.4 114 [19]
2011 4,318 245 11,840 24.8 84.5 117 [20]
2012 4,657 316 11,955 25.9 85.9 124 [21]
2013 5,156 508 12,163 27.4 85.6 190 [22]
2014 5,368 605 12,739 29.3 85.1 196 [23]
2015 5,598 848 13,858 31.9 84.1 212 [24]
2016 5,931 814 14,760 41.9 84.1 285 [25]
2017 7,933 1,028 23,156 44.0 84.3 304 [26]
2018 8,264 437 21,641 45.8 83.7 330 [27]
2019 8,781 769 22,126 46.7 84.1 332 [28]
2020 3,566 −1,324 17,596 17.9 55.2 291 [a][29]
2021 6,176 478 19,375 32.4 73.6 311 [30]
2022 9,646 58 22,564 41.5 84.5 311 [31]
2023 10,426 394 26,043 44.6 83.7 314 [2]
  1. ^ Activities and income in 2020 were severely reduced by the impact of the coronavirus pandemic

Headquarters

[edit]
Alaska Air Group headquarters in SeaTac, Washington

The Alaska Air Group headquarters is located at 19300 International Boulevard, SeaTac, Washington, United States.

On May 3, 2018, Alaska Airlines unveiled plans to construct a 128,000-square-foot building near Sea-Tac Airport to provide office space for its growing workforce. The new building will be across the street from Alaska's Corporate Headquarters and adjacent to its Flight Training Center. Construction was expected to be completed by early 2020.[32]

Operations

[edit]

Fleet

[edit]

Alaska Air Group operates a mix of Airbus, Boeing and Embraer aircraft through its subsidiaries Alaska Airlines, Hawaiian Airlines, and Horizon Air.

As of September 2024, Alaska Airlines' fleet consists of about 235 Boeing 737 aircraft, Hawaiian Airlines' fleet consists of about 18 Airbus A321neo, 24 Airbus A330, 19 Boeing 717 and 2 Boeing 787 aircraft, and Horizon Air's fleet consists of about 44 Embraer 175 aircraft, with the combined fleet under Alaska Air Group's management numbering 342 aircraft.

Alaska Air Group has created a new branding identity for its Horizon Air subsidiary and other independently owned and separately directed affiliate regional airlines it chooses to contract to do regional flying business into markets too limited to be flown only on Alaska Airlines mainline equipment. Among the other airlines now sub-contracted to do additional flying for the Alaska Air Group is SkyWest Airlines, who has about 40 Embraer 175 aircraft dedicated to providing service for the Alaska Airlines are painted in a very similar manner to Horizon's. SkyWest's fleet however, is branded Alaska SkyWest to differentiate that airline's aircraft from those of Horizon Air.[33]

Route network

[edit]

Through Alaska Airlines and Horizon Air, Alaska Air Group services the passenger and cargo markets of the Pacific Northwest with its extensive route network hub through Seattle–Tacoma in Washington state and Portland in Oregon, and the state of Alaska in Anchorage. After the demise of Aloha Airlines and ATA Airlines in 2008, Alaska Air Group expanded heavily centering on Hawaii and other non-airline hub secondary mainland cities and airports, including San Diego and San Jose.[34] After the acquisition of Virgin America in 2016, Alaska Air Group further expanded into California through Virgin America's hubs in San Francisco and Los Angeles.[35] After the acquisition of Hawaiian Airlines in 2024, Alaska Air Group is expanding into Hawaii through Hawaiian's hub in Honolulu, making it the second largest hub behind Seattle–Tacoma.[36]

References

[edit]
  1. ^ "Executive Leadership". Alaska Airlines. Alaska Airlines, Inc. May 17, 2021.
  2. ^ a b "Alaska Air Group, Inc. 2023 Annual Report (Form 10-K)". February 14, 2024. Retrieved April 4, 2024.
  3. ^ "Alaska Air Group, Form 8-K, Current Report, Filing Date Oct 10, 2017" (PDF). secdatabase.com. Retrieved October 24, 2017.
  4. ^ "Alaska Airlines history by decade". Alaska Airlines. Retrieved March 18, 2020.
  5. ^ Hwang, Inyoung (30 November 2011). "Alaska Air to Replace AMR in Dow Jones Transportation Average". Bloomberg Businessweek. Archived from the original on 2012-04-18. Retrieved 9 May 2012.
  6. ^ "Alaska Airlines Announces the Formation of a New Subsidiary – McGee Air Services". McGee Air Services. March 29, 2016. Archived from the original on October 29, 2017. Retrieved October 28, 2017.
  7. ^ "Alaska Air to acquire Virgin America in $4bn deal". BBC News. April 4, 2016. Retrieved April 4, 2016.
  8. ^ "Alaska Air Group closes acquisition of Virgin America, becomes the 5th largest U.S. airline". Alaska Airlines (Press release). Alaska Airlines, Inc. December 14, 2016.
  9. ^ Kim, Susanna (April 4, 2016). "What You Should Know About the Virgin America, Alaska Air Merger". ABC News – Breaking News, Latest News, Headlines & Videos. ABC News Internet.
  10. ^ "Alaska Air Group, Form 10-K, Annual Report, Filing Date February 28, 2017" (PDF). secdatabase.com. Retrieved October 24, 2017.
  11. ^ Goldman, David & Ostrower, Jon (March 23, 2017). "Alaska Airlines is killing off the Virgin America brand". CNN Money. Cable News Network.
  12. ^ "Alaska Airlines and Hawaiian Airlines to Combine, Expanding Benefits and Choice for Travelers Throughout Hawai'i and the West Coast". Hawaiian Airlines (Press release). December 3, 2023. Retrieved December 3, 2023.
  13. ^ "Alaska, Hawaiian airlines merging after $1.9B deal". KHON2. December 3, 2023. Retrieved December 3, 2023.
  14. ^ Casey, David (2024-08-20). "Alaska Airlines, Hawaiian Airlines Merger Clears DOJ Review". Aviation Week Network. Retrieved 2024-08-20.
  15. ^ Chokshi, Niraj (September 17, 2024). "Alaska Airlines' Acquisition of Hawaiian Airlines Cleared by Regulator". The New York Times. Retrieved September 17, 2024.
  16. ^ Airlines, Alaska (2024-09-18). "Alaska Airlines completes acquisition of Hawaiian Airlines, expanding benefits and choice for travelers". Alaska Airlines News. Retrieved 2024-09-18.
  17. ^ "Alaska Airlines - Annual Reports". Alaska Airlines News. Retrieved 2024-08-19.
  18. ^ "Alaska Air Group, Inc. 2009 Annual Report (Form 10-K)". February 19, 2010. Retrieved April 4, 2024.
  19. ^ "Alaska Air Group, Inc. 2010 Annual Report (Form 10-K)". February 23, 2011. Retrieved April 4, 2024.
  20. ^ "Alaska Air Group, Inc. 2011 Annual Report (Form 10-K)". February 21, 2012. Retrieved April 4, 2024.
  21. ^ "Alaska Air Group, Inc. 2012 Annual Report (Form 10-K)". February 14, 2013. Retrieved April 4, 2024.
  22. ^ "Alaska Air Group, Inc. 2013 Annual Report (Form 10-K)". February 13, 2014. Retrieved April 4, 2024.
  23. ^ "Alaska Air Group, Inc. 2014 Annual Report (Form 10-K)". February 11, 2015. Retrieved April 4, 2024.
  24. ^ "Alaska Air Group, Inc. 2015 Annual Report (Form 10-K)". February 11, 2016. Retrieved April 4, 2024.
  25. ^ "Alaska Air Group, Inc. 2016 Annual Report (Form 10-K)". February 28, 2017. Retrieved April 4, 2024.
  26. ^ "Alaska Air Group, Inc. 2017 Annual Report (Form 10-K)". February 14, 2018. Retrieved April 4, 2024.
  27. ^ "Alaska Air Group, Inc. 2018 Annual Report (Form 10-K)". February 15, 2019. Retrieved April 4, 2024.
  28. ^ "Alaska Air Group, Inc. 2019 Annual Report (Form 10-K)". February 12, 2020. Retrieved April 4, 2024.
  29. ^ "Alaska Air Group, Inc. 2020 Annual Report (Form 10-K)". February 26, 2021. Retrieved December 18, 2021.
  30. ^ "Alaska Air Group, Inc. 2021 Annual Report (Form 10-K)". February 11, 2022. Retrieved April 4, 2024.
  31. ^ "Alaska Air Group, Inc. 2022 Annual Report (Form 10-K)". February 13, 2023. Retrieved April 4, 2024.
  32. ^ "Alaska Airlines reinforces hometown commitment with office expansion near Sea-Tac Airport". May 3, 2018. Retrieved 18 March 2020.
  33. ^ "Information about the planes we fly". Alaska Airlines. Alaska Airlines, Inc. Retrieved October 24, 2017.
  34. ^ Segal, Dave (February 15, 2013). "Alaska Airlines successfully fills voids in Hawaii left by failed airlines". The Honolulu Star-Advertiser. Retrieved June 21, 2017.
  35. ^ "Cities served". Alaska Airlines. Alaska Airlines, Inc. Retrieved October 24, 2017.
  36. ^ Airlines, Alaska (2024-09-18). "Alaska Airlines completes acquisition of Hawaiian Airlines, expanding benefits and choice for travelers". Alaska Airlines News. Retrieved 2024-09-18.
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