Air Transport World

U.S. nationals.(special section: 1994 World Airline Report)

Air Wisconsin: its first year as an independent company was a good one for the United Express carrier, which was purchased in December, 1993 by CJT Holdings. Revenues of $102.8 million produced an operating income of $3 million and a net of $2.54 million, which President/CEO Geoff Crowley called "slightly ahead of our expectations."

Crowley said this year should bring "further improvements in economics," thanks to increased utilization of the carrier's 13 BAe 146s, with seat-mile production rising "by over 20%."

On the traffic front, passenger boardings were up 16.8% to 1,603,174, RPKs advanced 20% to 536 million and load factor increased 1.6 points to 53%.

Alaska Airlines: Significant improvements in "the things we control: Our cost structure, productivity and market Position," were credited by Raymond Vecci for Alaska Airlines' dramatic 1994 financial turnaround shortly before he was ousted as chairman/president/CEO of Alaska Air Group early this year. The company cited "a growing difference in management style between Vecci and the board," for his departure. He was succeeded in the positions by John Kelly who had headed subsidiary Horizon Air for eight years.

Alaska Airlines wound up last year with an operating income of $62.9 million and a pretax profit of $39.3 million, a sharp contrast to its 1993 operating loss of $24.3 million and net loss of $44.5 million. Revenues for the year were up 17.1% to just over $1 billion,

Alaska Air Group posted an operating profit of $75 million and a net of $22.5 million on revenues of $1.3 billion; in 1993, it had an operating loss of $16.8 million and a net loss of $30.9 million.

Traffic also grew strongly at Alaska Airlines, as passenger boardings soared 39.1% to 8,958,000, RPKs surged 37.6% to 12.2 billion, FTKs rose 17.1% to 88.4 million and load factor improved 4.3 points to 62.8%. ASM cost declined to 8.3[cents] from 9.9[cents], while yield dropped to 12.2[cents] from 14.3[cents].

Aloha: Healthy traffic growth marked 1994 at the Hawaiian carrier, according to its DOT filings. Passenger boardings were up 7% to 5,041,000 and RPKs advanced 7.3% to 1.1 billion. FTKs were level at 12.3 million. Financial results were not available at this writing.

American International: The Detroit-based cargo carrier enjoyed another good traffic year in 1994, flying 614. …

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