Alaska Air Group has adjusted up its unit cost guidance for the fourth quarter and full year.
The Seattle-based airline anticipates that costs per available seat miles (CASM) excluding fuel and special items will be between 8.70 cents and 8.75 cents during the fourth quarter, which is up from its previous guidance of between 8.60 cents and 8.65 cents, according to an investor update on 14 December. It anticipates a 1% decrease compared to the same period in 2011.
Unit costs excluding fuel and special items are expected to be between 8.47 cents and 8.52 cents for the full year, which is up from pervious guidance of between 8.45 cents and 8.50 cents. Unit costs are expected to decrease 0.5% year-on-year.
Alaska also anticipates that it will pay $3.42 per gallon for jet fuel in the fourth quarter, which is down slightly from guidance of $3.43 per gallon in November.
The airline says that advance bookings are down 1.5 percentage points in December compared to 2011, up three points in January versus a year earlier and up 0.5 points in February compared to 2012.