Alaska Air Group reports 3Q GAAP net income of $274 million

Alaska Air Group, Inc., (Alaska Airlines and Horizon Air) (Seattle/Tacoma) today reported third quarter 2015 GAAP net income of $274 million, or $2.14 per diluted share, compared to $198 million, or $1.45 per diluted share in the third quarter of 2014. Excluding the impact of mark-to-market fuel hedge adjustments of $5 million ($3 million after tax, or $0.02 per diluted share), the company reported record adjusted net income of $277 million, or $2.16 per diluted share, compared to adjusted net income of $200 million, or $1.47 per diluted share in 2014.

“This was the busiest summer in our 83 year history and represents our highest quarterly profit ever,” said CEO Brad Tilden. “I want to thank our employees who are building a fundamentally strong business and our customers for their incredible loyalty and support.”

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Copyright Photo: Michael B. Ing/AirlinersGallery.com. Alaska Airlines is gradually phasing out its aging Boeing 737-400s. The type is expected to be gone by the end of 2017. Boeing 737-4Q8 N755AS (msn 25096) arrives at Los Angeles International Airport.

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Alaska Horizon aircraft slide show: AG Airline Slide Show

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