Record profits for Alaska Air

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP October 22, 2010 09:40

Record profits for Alaska Air

Alaska Air Group, parent of Alaska Airlines and Horizon Air, has reported record third quarter net income of $122.4 million, up 39.7%. Chairman and CEO Bill Ayer credited “increased traffic, stable yields and good cost management through improved productivity and lower overhead” for the record growth.

The airline group also confirmed it had repaid $115.5 million of its outstanding debt under the current $200 million prepayment plan.

Group operating revenue rose 10.3% to $1.07 billion; expenses were up 5.4% to $851.1 million, with an operating profit of $216.4 million, up 35.4%.

Alaska Airlines’ revenue rose 11.3% to $956.1 million, expenses up 4.5% to $754.6 million, with an operating profit of $201.5 million, up 47.4%. Horizon operating revenues were $180.9 million, up 1.5%, expenses rose 6.9% to $165.1 million, with an operating profit of $15.8 million, down 33.3%.

TESTCustomwebLP TESTCustomwebLP
By TESTCustomwebLP TESTCustomwebLP October 22, 2010 09:40
Write a comment

No Comments

No Comments Yet!

Let me tell You a sad story ! There are no comments yet, but You can be first one to comment this article.

Write a comment

Only <a href="http://www.aviationnews-online.com/wp-login.php?redirect_to=http%3A%2F%2Fwww.aviationnews-online.com%2Fairline%2Frecord-profits-for-alaska-air%2F"> registered </a> users can comment.