Alaska Airlines Group reports second quarter income of $58.6 million
Alaska Air Group (Alaska Airlines and Horizon Air) (Seattle/Tacoma) reported second quarter 2010 net income of $58.6 million, or $1.60 per diluted share, compared to net income of $29.1 million, or $0.79 per diluted share, in the second quarter of 2009. Excluding mark-to-market fuel hedge losses of $37.6 million ($23.3 million after tax or $0.63 per diluted share) and CRJ700 transition charges of $3.4 million ($2.1 million after tax or $0.06 per diluted share), the company reported net income of $84.0 million, or $2.29 per diluted share, compared to net income of $26.5 million, or $0.72 per share, excluding special items in the second quarter of 2009.
Copyright Photo: Michael B. Ing. An outstanding picture of Alaska Airlines “We’re all pulling together” Boeing 737-490 N705AS (msn 29318) at Anchorage.