ALASKA AIR ORDERS 15 737 AIRCRAFT

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By TESTCustomwebLP TESTCustomwebLP January 26, 2011 15:46

ALASKA AIR ORDERS 15 737 AIRCRAFT

Alaska Air has ordered 15 new 737 aircraft and posted fourth-quarter profits that exceeded analysts’ estimates. Profit excluding a fuel-hedge gain was $47.4 million, or $1.28 a share, while analysts had projected $1.02. Revenue rose 13% to $958.5 million, topping analysts’ projections of $939.6 million.

Alaska has forecasted an 8% to 9% jump in capacity for 2011 and as such has ordered 15 new Boeing aircraft, most of them 737- 900ER, which will be delivered from next year.

The airline’s Horizon Air regional arm stated a $17.4 million fuel-hedge gain raised net income to $64.8 million, or $1.75 a share, doubling profits from a year earlier.

Horizon Air also announced that it will start to “retire its public brand and adopt Alaska Airlines’ Eskimo.”

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By TESTCustomwebLP TESTCustomwebLP January 26, 2011 15:46
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