Originally Posted by
williwaw
@
AndyPatterson: If you want to dive deep, here is the transcript of the presentation and Q&A from the Investor Day:
http://investor.alaskaair.com/static...2-deaac374899a
Re: PRASM - the presentation was a little cagey about this. And it shows in the transcript above where analysts ask about RASM. The presentation suggests RASM for 4Q at 3-5%. But the analysts pushed back a bit suggesting that 2% load capacity growth should show more growth. They definitely do not breakout by segment - its aggregated across all the revenue streams to get to a system level number.
Revenue discussion starts at slide 75 of the presentation:
http://investor.alaskaair.com/static...a-452723220c5b
Another element they are clearly still figuring out is the cost side of things, and cross-fleeting is a large part of this. The flight attendants can be cross-fleeted, but not pilots. So they productivity drags from the merger are still there and probably won't get back to pre-merger based on the costs of pilot productivity.
The cross fleet issue is "one" reason that AS went to an all 737 fleet some time ago (there are other reasons such as maintenance, etc.) as MD-90 pilots and 737 pilots did not intermingle and that was a problem if you had to switch crews at a non-hub city.. It begs the question of whether or not Alaska will be looking at uniforming the fleet once again. If so, it will take some time.