Uh Oh! Nobody read this article. It makes it sound like the sky isn't falling (which, of course, it is. Bill told me so!)
http://www.thenewstribune.com/business/story/444856.html
Alaska Airlines gets high marks for financial soundness
THE NEWS TRIBUNE
Published: August 14th, 2008 01:00 AM
Posted online by John Gillie at 7:05 a.m. Wednesday Alaska Air Group’s financial viability is ranked first among U.S. legacy airlines in a new study by aerospace publication Aviation Week.
The SeaTac-based airline holding company, parent of Alaska Airlines and Horizon Air, is ranked 15th among 32 legacy carriers worldwide in Aviation Week’s financial evaluation. That ranking puts it ahead of every other U.S. legacy carrier and above low-cost and regional U.S. carriers ranked by somewhat different standards.
The publication’s council of advisers gave Alaska a total score of 55.9. That’s an aggregate of scores it earned on an evaluations of the airline holding company’s liquidity, fuel cost management, financial health, earnings performance and asset utilization.
After falling to a low of $10.10 a share five weeks ago, Alaska shares closed Wednesday at $21.53.
Airline stocks have been buoyed in recent weeks by falling oil prices.
Tops on the Aviation Week list was Singapore Airlines with a total score of 93.3. Second was Malaysian Airlines System, and third was Spain’s Iberia Airlines.
Among U.S. legacy carriers, Alaska was followed by Continental, American, Northwest, US Airways, United, Delta and Hawaiian.
In a separate ranking for low-cost and regional carriers, Allegiant was best among U.S. airlines, followed by Southwest. Allegiant’s score was 55.5, while Southwest earned a 53.6 score.
Among 21 aerospace companies, Aviation ranked The Boeing Co. third after Lockheed Martin and Portland’s Precision Castparts Corp.