Alaska Air Group, Inc. (Seattle), the parent of Alaska Airlines and Horizon Air, today (April 22) reported first quarter 2010 net income of $5.3 million, or $0.15 per diluted share, compared to a net loss of $19.2 million, or $0.53 per diluted share, in the first quarter of 2009. Excluding mark-to-market fuel hedge losses of $12.5 million ($7.8 million after tax or $0.21 per diluted share), the company reported first quarter 2010 net income of $13.1 million, or $0.36 per diluted share, compared to a net loss excluding special items of $25.4 million, or $0.70 per diluted share, in the first quarter of 2009.
In other news,ย Alaska Airlines and Horizon Air announced expanded service toย Hawaiiย and Mexicoย and new service betweenย San Jose, CA., andย Los Angeles.
Alaska Airlines will inaugurate daily service betweenย San Diego and Kahului, Maui, beginning on October 1, and daily seasonal service betweenย San Diegoย andย Puerto Vallarta, Mexico, starting on November 12, 2010. It will also begin seasonal flying betweenย Portland, OR, and Kona, on theย Big Island of Hawaii, four times a week starting on November 12. Additionally, it will add a second flight betweenย Seattle/Tacoma and Kona that will operate thrice weekly fromย November 11 to April 10, 2011.
These new flights are in addition to the new daily service betweenย Portlandย andย Honoluluย the carrier announced last week.
Copyright Photo: Mark Durbin. Horizon Air is gradually phasing out its Bombardier CRJ700s. CRJ700 (CL-600-2C10) N602QX (msn 10010) beautifully departs from the runway at San Francisco on a clear day. The jetliner carries the special University of Washington Huskies motif.
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