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,

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