Alaska Air 26

Restated $1.66 per common share for the second fiscal quarter of 2018 restated $2.48 per common share for the second fiscal year 2017 versus $2.48 for the same period in the prior year. Underlying net income for the second three months of 2017, which excludes exceptional charges such as merger-related charges and commodity price changes for commodity hedges, was $206 million versus $309 million in the second three months of 2017.

Corrected results for this period are compared to the First Call analyst's estimated $1.63 per share guidance. Payed a three-month recurring net income of $0.32 per ordinary share in the second fiscal quarter, up 7% from the second fiscal year 2017 dividends. In the first six-month period of 2018, a combined 389,739 ordinary bearer bonds were bought back for approximately USD 25 million.

Generate approximately $725 million of operational net cash, which includes merger-related charges and other exceptional charges.

In the second half of 2018, Horizon Air added four Embraer 175 (E175) and four E175 powered SkyWest Airlines aircraft to its family. The Federal Aviation Administration won the seventeenth Diamond Award of Excellence and recognized both Alaska and Horizon aviation engineers for their dedication to education. of $193 million, or $1.56 per common share for the second half of 2018 under IFRS versus $293 million, or $2.36 per common share for the second half of 2017.

In 2017, without the effects of merger-related charges and mark-to-market tank hedging changes, the Group reported net underlying profit for the year of $206 million, or $1.66 per common share less dilution, versus net underlying profit of $309 million, or $2.48 per common share less dilution. "The following is a reconciliation of reconciled net profit and earnings per ordinary shares (diluted EPS) for the three and six month periods ended June 30, 2018 and 2017, as presented in accordance with generally accepted accounting principles (GAAP) to the restated figures.

Three-month period ended June 30, six-month period ended June 30, certain prior information has been restated to conform to the application of new GAAP. There will be an on-line teleconference on the second quarterly results on July 26, 2018 at 8:30 a.m. Pacific Day. and Virgin America Inc. are known as " Alaska ", " Horizon " and " Virgin America " and are collectively known as our " Carriers ".

Among these are the general business environment, increased operational expenses for our business, primarily fuels, competitive and labour expenses and relationships, our debt, our ability to achieve our targets for reducing our expenses, our ability to achieve our targets for reducing our expenses, the effects of seasonality on our results of operations, an air crash, changes in the law and regulation, and the risk of achieving expected synergy effects and their sequencing in relation to the Virgin America business combination.

Through Alaska and Alaska Global Partners, travelers can collect and spend frequent flyer mileage to more than 900 global destination and more. Three-month period ended June 30, six-month period ended June 30, operational performance: Basis profit (loss) per share: Basic loss per share: per ordinary share: Selected historic information has been restated to take account of the introduction of new financial reporting requirements.

Selected historic information has been restated to take account of the introduction of new reporting requirements. Three-month period ended June 30, six-month period ended June 30, 2010, ASM' s RPM ('000,000) ASM' S ASM' Mainline Operating Statistics capability ('000,000): Selected historic information has been restated to take account of the introduction of new reporting requirements. Air Group Adjust presents the Group' s audited operating information for the purpose of assessing operating revenue and determining the Group' s funding requirements and does not contain specific expenses.

Contains merger-related charges, an associate benefit granted in January in conjunction with the Tax Cuts and Jobs Act and mark-to-market changes in net income attributable to related hedges. Selected historic information has been restated to take account of the introduction of new financial reporting requirements. Three-month period ended June 30, six-month period ended June 30, consolidated: Exceptional charges include merger-related expenses and an incentive award granted in January in conjunction with the Tax Reduction and Employment Act.

Selected historic information has been restated to take account of the introduction of new financial reporting requirements. Three-month period ended June 30, six-month period ended June 30, certain prior information has been restated to conform to the application of new GAAP. We believe that by removing from our key figures our propellant and certain exceptional factors (including merger-related costs), we will have greater transparency about our profitability and our nonpropellant propellant initiative.

We are a fiercely contested sector with high overheads, so even a small drop in running expenses without fuels can lead to a significant increase in uptime. Furthermore, we believe that all national airlines will be equally affected by changes in kerosene prices in the long term, so it is important for managers (and therefore investors) to fully appreciate the implications (and trends) of company-specific factors such as speed and efficiency, airports, maintenance etc.

CASM ( "cost per ASM") without propellant and certain exceptional factors, such as merger-related expenses, are one of the key indicators used by Air Group's senior executives and Board of Directors to assess Air Group's overall quarter-on-quarter and twelve-month expense-performances. Underlying earnings before taxes (EBT) and CASM net of propellant (and other positions mentioned in our planning documents) are key figures for the Air Group's equity compensation plans, which cover the vast majority of Air Group people.

CASM, without propellant and certain specific factors, is a metric common to sector analysis, and we believe it is the foundation for comparing our carriers with others in the sector. By disclosing the specific impacts of certain positions, the investor is able to assess and control investment returns both with and without these exceptional positions.

It is our belief that disclosure of the effects of certain positions, such as merger-related expenses and mark-to-market hedge accounting changes, is important because it provides information about significant positions that are not necessarily an indicator of expected outperformance. Without these factors, sector analysis experts and investor groups rigorously assess our performances to improve period-to-period and airline-to-air comparison.

Even though we are disclosing our revenue from commercial aircraft, we do not (and are not in a position to) assess revenue without the effect of changes in the cost of fuels on ticketing rates. The cost of fuels accounts for a large proportion of our overall operational overhead. In the medium and long run, variations in the price of fuels often lead to changes in the number of units produced.

While we believe it makes sense to assess the cost of nonfuel units for the above mentioned purposes, we warn our reader not to rely too much on nonfuel cost per unit measures or indicators of our ability to achieve viability because the cost of fuels has a significant effect on our businesses.

Regionally - representing the Horizon, SkyWest and PenAir capacities acquired from Alaska. The region recognizes reported revenues in this business unit as representing total onboard passengers, less expenses such as transportation, marketing, fuel, and Horizon, SkyWest, and PenAir related to the relevant airline's acquisition of capacities (CPAs). In addition, Regional contains an assignment of business overheads such as IT, financial and other administration expenses to Alaska and on Horizon's name.