This Day On The Street
Continue to site right-arrow
ADVERTISEMENT
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here
TheStreet Open House

Alaska Air Group Announces Aggressive 2020 Sustainability Goals

SEATTLE, April 2, 2014 /PRNewswire/ -- Alaska Airlines and Horizon Air announced aggressive 2020 sustainability goals today, pledging to decrease fuel consumption by 20 percent, use a sustainable aviation biofuel at one or more airports and increase its recruitment of military veterans.

These are among a series of goals and accomplishments highlighted in Alaska Air Group's newly released 2013 Sustainability Report, which summarizes the company's progress on environmental, social and economic goals. The complete report is available online at www.alaskaair.com/sustainability .

Among the most significant accomplishments made since the airlines' last Sustainability Report are improvements in fuel efficiency, which saved Alaska Air Group more than 10 million gallons of fuel since 2011. The airlines also cut waste by 50 percent per passenger, saving nearly 2,900 tons of recyclables that otherwise would have gone to landfills. In all, the airlines have reduced their greenhouse gases by more than 30 percent per revenue mile since 2004 as part of the company's efforts to be a greener neighbor within the communities where it flies.

"We believe running our business sustainably—with an eye on the long run—is simply the right thing to do," CEO Brad Tilden said. "By integrating sustainable practices and policies into our business, we're making Alaska, and all of the people and communities we work with, stronger and healthier over time."

Air Group's Sustainability Report analyzes the airlines' efforts from Jan.1, 2012, through Dec. 31, 2013. It is the company's second comprehensive report in accordance with Global Reporting Initiative G4 Core Guidelines, an international standard for sustainability reporting on people the planet and performance.

Key highlights of the last two years include:

  • Flight attendants collected for recycling nearly 2,900 tons of paper, plastic, aluminum and glass waste onboard Alaska and Horizon flights in the last two years, cutting in half the amount of waste sent to landfills since 2010. That amount weighs the same as more than 1,600 cars. Alaska and Horizon are the only airlines that recycle on every domestic flight.
  • Air Group signed an off-take agreement with Hawaii BioEnergy to buy sustainable aviation biofuels from the Hawaiian Islands beginning in 2018. The airline has set a goal of using sustainable biofuels at one or more of its airports by 2020.
  • Alaska and Horizon cut emissions another 2.8 percent over the last reporting period (2011), for a total 30.4 percent reduction in carbon emissions since 2004 (measured by flying one passenger one mile).
  • Alaska Air Group contributed $15.5 million in cash and in-kind contributions to more than 1,300 charitable organizations since 2011.
  • All Horizon Air flights and three-quarters of Alaska Airlines flights arriving at Seattle-Tacoma International Airport are using a new method of airport approaches, which allow aircraft to fly shorter, continuous descents. Estimates are that Greener Skies approaches will save more than 2 million gallons of fuel annually for all properly equipped airlines and reduced emissions by 22,400 metric tons of CO2—equal to the emissions contained in 96 rail cars of coal. Noise exposure for an estimated 750,000 people in the Puget Sound region has also been reduced.
  • Alaska and Horizon reduced fuel use by 10 million gallons since 2011 (as measured per revenue passenger mile) by flying the Boeing 737 and Bombardier Q400 — the most fuel-efficient aircraft in their classes. The airlines installed winglets on aircraft, used cutting-edge satellite navigation procedures and switched to electric vehicles for airport operations at Seattle-Tacoma International Airport, among other measures. The International Council on Clean Transportation ranked Alaska Airlines No. 1 in fuel efficiency among U.S. domestic airlines in 2013.
  • Alaska Airlines and Horizon Air increased their employee engagement scores by 20 percent over 2011. Engagement measures employee satisfaction and involvement with their jobs.

Editor's note: An infographic with highlights from 2013 Sustainability Report is available at http://bit.ly/QEqk2z

Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK), together with its partner regional airlines, serves nearly 100 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. For reservations, visit www.alaskaair.com. For more news and information, visit the Alaska Airlines Newsroom at www.alaskaair.com/newsroom.

SOURCE Alaska Air Group

Copyright 2011 PR Newswire. All rights reserved. This material may not be published, broadcast, rewritten or redistributed.

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Try it NOW
Only $9.95
Try it NOW
14-Days Free
Try it NOW

Check Out Our Best Services for Investors

Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Options Profits

Our options trading pros provide over 100 monthly option trading ideas and strategies to help you become a well-seasoned trader.

Product Features:
  • Actionable options commentary and news
  • Real-time trading community
Try it NOW
Try it NOW
Try it NOW
To begin commenting right away, you can log in below using your Disqus, Facebook, Twitter, OpenID or Yahoo login credentials. Alternatively, you can post a comment as a "guest" just by entering an email address. Your use of the commenting tool is subject to multiple terms of service/use and privacy policies - see here for more details.
Submit an article to us!
SYM TRADE IT LAST %CHG

Markets

DOW 17,678.23 -40.31 -0.23%
S&P 500 2,057.37 -3.68 -0.18%
NASDAQ 4,866.0220 -10.4970 -0.22%

Partners Compare Online Brokers

Free Reports

Free Newsletters from TheStreet

My Subscriptions:

After the Bell

Before the Bell

Booyah! Newsletter

Midday Bell

TheStreet Top 10 Stories

Winners & Losers

Register for Newsletters
Top Rated Stocks Top Rated Funds Top Rated ETFs