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Alaska Air Group (ALK) August Traffic and Capacity Increase

Alaska Air Group, Inc. ALK posted a significant rise in air traffic for the month of August. Traffic – measured in revenue passenger miles (RPMs) – came in at 3.4 billion, up 9% from 3.1 billion a year ago.

On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 10.3% to 3.9 billion. Load factor – the percentage of seats filled by passengers – declined to 85.8% from 86.7% in Aug 2015 as capacity expansion exceeded traffic growth.

At the end of the first eight months of 2016, Alaska Air Group generated a 10.4% increase in RPMs to 24.7 billion and 11.5% rise in ASMs to 29.4 billion, both on a year-over-year basis. Load factor was 84.2% compared with 85.1% in the first eight months of 2015.

The company’s traffic...