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This statistic highlights Alaska Air’s Passenger Revenue Breakdown fees, split across Mileage Plan Passenger, Passenger Ancillary, and Passenger ticket revenue including ticket breakage and net of taxes and fees.
|Passenger Category||Q3 2020||Q2 2021||Q3 2021||Contribution in Q3 2021|
|Mileage Plan passenger revenue||$64.00||$154.00||$190.00||10.71%|
|Passenger ancillary revenue||$49.00||$84.00||$101.00||5.69%|
|Passenger ticket revenue, including ticket breakage, net||$459.00||$1,114.00||$1,483.00||83.60%|
(All figures are in millions, except percentages)
With positive growth year-on-year and quarter-on-quarter, Alaska Airlines is increasing its revenue with total revenue generated in Q3 2021 at $1.774 billion. The revenue increased by 210% from $572 million in Q3 2020 to $1,352 million in Q3 2021. In the quarter-on-quarter growth rate index, there is an increase from Q2 2021 to Q3 2021 of 31.21% from $1352 million.
Mileage Plan passenger revenue
Revenue from mileage passengers increased by 196.88% from $64 million in Q3 2020 to $190 million in Q3 2021. This segment has also shown a positive sign in the quarter-on-quarter index as revenue rose by 23.38% from $154 million Q2 2021. This segment contributed 10.71% of the total revenue from the passenger segment.
Passenger ancillary revenue
This segment generated a revenue of $101 million in Q3 2021 marking a growth of 106.12% and 20.24% on year-on-year and quarter-on-quarter when compared with revenue of $49 million in Q3 2020 and $84 million in Q2 2021, respectively. This segment has the lowest contribution in the overall revenue from the passengers in Q3 2021.
Passenger ticket revenue, including ticket breakage and net of taxes and fees
This segment generated $1483 million which makes it the highest contributor in the overall revenue generated in Q3 2021 by passenger segments. It made a year-on-year growth of 223.09% which is more than double of what was generated in Q3 2020 i.e. $459 million. The quarter-on-quarter growth is at 33.21% when compared to the revenue of Q2 2021 i.e. $1114 million. In 2020, reduced revenue year-on-year was primarily due to a significant loss of demand due to the COVID-19 pandemic. The load factors were depressed, in response to which Alaska also reduced their capacity.
2020 was a year full of challenges and uncertainty. The impact of the pandemic from the outbreak of COVID caused them to face one of the greatest financial challenges in their history. Those challenges being stay-at-home orders, and travel restrictions, coupled with the closure of many popular destinations and the cancellation of major events, brought one of the greatest falls in demand for airlines in the spring of 2020. In response to reduced demands, they preserved their cash reservoirs by reducing across their network and discretionary cost and removing fixed to the greatest extends. By preparing for a long recovery period by accessing $5 billion in liquidity – done with selling ten Airbus aircraft, private placement offers government funds and bank debt. The payroll support from government funding under the Corona-Virus Aid, Relief, and Economic Security Act (CARES) helped the company in preserving the jobs for the continuation of the services.
Alaska Air Group is a Delaware corporation incorporated in 1985 that operates two airlines, Horizon and Alaska. Horizon is a Washington corporation that was incorporated in 1937 and began its services in 1981. Alaska was established in 1932 and was incorporated in the states of Alaska. Alaska and Virgin Airlines combined operating certificates and legally merged into a single entity. The company also includes McGee Air service that is a wholly-owned subsidiary of Alaska in 2016. Alaska and Horizon together form the 5th largest airline of the United States, offering services, connectivity, and schedules from their hub market along the West coast. With several partnerships, Alaska airlines provide more than 115 destinations throughout the United States and North America.
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* Billed annually, local taxes extra.
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