ALASKA AIR GROUP INC
For the period ended Dec 31, 2023. Filed Feb 14, 2024.
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FY2023 · Filed Feb 14, 2024
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ITEM 2. PROPERTIES
AIRCRAFT
The following table describes the aircraft we operate and their average age at December 31, 2023:
| Aircraft Type · Seats · Owned · Leased · Total · AverageAge inYears | |||||||
|---|---|---|---|---|---|---|---|
| B737-700F | — | 3 | — | 3 | 22.9 | ||
| B737-800F | — | — | 1 | 1 | 16.3 | ||
| B737-700 | 124 | 11 | — | 11 | 23.7 | ||
| B737-800 | 159 | 49 | 10 | 59 | 15.7 | ||
| B737-900 | 178 | 12 | — | 12 | 21.4 | ||
| B737-900ER | 178 | 79 | — | 79 | 7.9 | ||
| B737-8 | 159 | 1 | — | 1 | — | ||
| B737-9 | 178 | 51 | 14 | 65 | 1.2 | ||
| Total Mainline Fleet | 206 | 25 | 231 | 9.7 | |||
| E175 | 76 | 41 | 42 | 83 | 5.0 | ||
| Total Regional Fleet | 41 | 42 | 83 | 5.0 | |||
| Total | 247 | 67 | 314 | 8.4 | |||
“Management’s Discussion and Analysis of Financial Condition and Results of Operations" discusses future orders and options for additional aircraft. “Liquidity and Capital Resources" provides more information about aircraft that are used to secure long-term debt arrangements or collateralize credit facilities. Note 7 to the consolidated financial statements provides more information regarding leased aircraft as capitalized on our consolidated balance sheets.
The lease for the B737-800F expires in 2033. The leases for the B737-800 aircraft expire between 2026 and 2028. The leases for the B737-9 aircraft expire between 2031 and 2035. The leased E175 aircraft support Alaska's capacity purchase agreement with SkyWest, and are under agreement through 2034. Alaska has the option to extend some of the leases for additional periods.
GROUND FACILITIES AND SERVICES
In various cities in the state of Alaska, we own terminal buildings and hangars. We also own or lease several buildings located at or near Seattle-Tacoma International Airport (Sea-Tac). These include a multi-bay hangar and shops complex (used primarily for line maintenance), a flight operations and training center, an air cargo facility, a data center, and various other commercial office buildings.
At the majority of the airports we serve, we lease ticket counters, gates, cargo and baggage space, ground equipment, office space, and other support areas. Airport leases contain provisions for periodic adjustments of lease rates. We are typically responsible for maintenance, insurance and other facility-related expenses and services under these agreements. We also lease operations, training, administrative, and data center facilities in Burlingame, CA; Long Beach, CA; Portland, OR; Puyallup, WA; Quincy, WA; Renton, WA; Seattle, WA; and Spokane, WA, call center facilities in Seattle, WA; Phoenix, AZ; and Boise, ID, and hangars in Portland, OR, Everett, WA, and Spokane, WA.
The text of this filing, as the company filed it with the SEC, without its images or exhibits. This is not investment advice.