SEATTLE, July 26, 2012 /PRNewswire via COMTEX/ -- Second quarter highlights with comparison to 2011:
Reported record second quarter net income, excluding special items, of $110.8 million, or $1.53 per diluted share, compared to adjusted net income of $89.6 million, or $1.22 per diluted share. This quarter's results compare to a First Call mean estimate of $1.51 per share.
Earned net income under Generally Accepted Accounting Principles (GAAP) of $67.5 million, or $0.93 per diluted share, compared to net income of $28.8 million, or $0.39 per diluted share.
Held the No. 1 spot in U.S. Department of Transportation on-time performance among the 10 largest U.S. airlines for the twelve months ended May 2012.
Improved employee productivity by 3.7 percent.
Achieved trailing twelve-month return on invested capital of 12.3 percent, compared to 11.5 percent in the twelve months ended June 30, 2011.
Lowered adjusted debt-to-total capitalization ratio by 4 points, to 58 percent, since December 31, 2011.
Held $1.2 billion in unrestricted cash and marketable securities as of June 30, 2012.
Received "Positive" outlook from Standard and Poor's, up from "Stable."
Ratified a six-year agreement on July 18, 2012, with the International Association of Machinists and Aerospace Workers (IAMAW) representing Alaska's ramp service and stores agents.
Second quarter recognitions:
Ranked "Highest in Customer Satisfaction Among Traditional Network Carriers" in 2012 by J.D. Power and Associates for the fifth year in a row.
Named "Best Regional Airline in North America" at the 2012 World Airline Awards.
Earned "Eco-Partnership of the Year Award" by Air Transport World magazine.
Recognized as the 2011 Best Company in the Northwest by The Seattle Times.
Received "2012 Fly Quiet Bravo Award" by the Port of Seattle Commission.
Reported record second quarter net income, excluding special items, of $110.8 million, or $1.53 per diluted share, compared to adjusted net income of $89.6 million, or $1.22 per diluted share. This quarter's results compare to a First Call mean estimate of $1.51 per share.
Earned net income under Generally Accepted Accounting Principles (GAAP) of $67.5 million, or $0.93 per diluted share, compared to net income of $28.8 million, or $0.39 per diluted share.
Held the No. 1 spot in U.S. Department of Transportation on-time performance among the 10 largest U.S. airlines for the twelve months ended May 2012.
Improved employee productivity by 3.7 percent.
Achieved trailing twelve-month return on invested capital of 12.3 percent, compared to 11.5 percent in the twelve months ended June 30, 2011.
Lowered adjusted debt-to-total capitalization ratio by 4 points, to 58 percent, since December 31, 2011.
Held $1.2 billion in unrestricted cash and marketable securities as of June 30, 2012.
Received "Positive" outlook from Standard and Poor's, up from "Stable."
Ratified a six-year agreement on July 18, 2012, with the International Association of Machinists and Aerospace Workers (IAMAW) representing Alaska's ramp service and stores agents.
Second quarter recognitions:
Ranked "Highest in Customer Satisfaction Among Traditional Network Carriers" in 2012 by J.D. Power and Associates for the fifth year in a row.
Named "Best Regional Airline in North America" at the 2012 World Airline Awards.
Earned "Eco-Partnership of the Year Award" by Air Transport World magazine.
Recognized as the 2011 Best Company in the Northwest by The Seattle Times.
Received "2012 Fly Quiet Bravo Award" by the Port of Seattle Commission.
