Alaska profit huge!

[Old School 737]

Soaring revenue pushes
Air Group to $84 mil. profit
Bottom line boosted by more customers,
increased load factors, higher ticket prices
July 22, 2010 ― The bottom line: $84 million profit
Alaska Air Group earned a profit of $84 million in April through June, after paying taxes and adjusting for fuel hedges and Horizon CRJ-700 fleet transition costs. Under Generally Accepted Accounting Principles, the company earned a profit of $58.6 million. Combined with January through March results, Air Group’s 2010 profit so far totals $97 million — the most it has ever made during the first half of a year. Full story
View financial highlights
Listen to Air Group officers discuss the company's results with analysts and the news media at 8:30 a.m. Pacific time today.

 

[CesnaCaptn]

This is great news! Now let's stop the enabling and get our furloughed brothers and sisters back.

 

[jonjuan]

Great, however, it looks like you have some increased competition on the West Coast with VXs aircraft order and Mexico service.

 

[LoveGun]

This is great news! Now let's stop the enabling and get our furloughed brothers and sisters back.

Tell them to apply at VA. They would upgrade there much faster and also probably earn a bunch off the IPO. If you run a spreadsheet it makes more sense to work at VA than wait for a recall.

 

[turbodriver]

Tell them to apply at VA. They would upgrade there much faster and also probably earn a bunch off the IPO. If you run a spreadsheet it makes more sense to work at VA than wait for a recall.

Where do I sign up?

 

[CesnaCaptn]

Tell them to apply at VA. They would upgrade there much faster and also probably earn a bunch off the IPO. If you run a spreadsheet it makes more sense to work at VA than wait for a recall.

What assumptions did you make on your spreadsheet? I multiplied the APC Virgin Captain rate by 5% to include 401(k) match, and the Alaska FO rate by 13.5% to account for B fund contribution and the VA captain barely comes out ahead. I just don't see how a VA career could be worth more. Captain rates at Alaska are much higher, as of now we have been earning decent profit sharing and our vacation maxes out at double that of Virgin's.

 

[QCappy]

Great, however, it looks like you have some increased competition on the West Coast with VXs aircraft order and Mexico service.

I believe in the last 80 years Alaska has competed against other airlines.

Skybus had 65 Airbuses on order, too.

 

[Skybus]

Great News. Good Job everyone.

 

[Green Banana]

Skybus had 65 Airbuses on order, too.

That put a smile on my face. Thanks.

Check it out!

 

[igneousy2]

Alaska Air buys 2 more 737s from Boeing
(AP) – 3 hours ago
SEATTLE — Boeing Co. has sold two more 737-800s to Alaska Air Group for $153 million apiece, the companies said Thursday.
Alaska Air, which operates Alaska Airlines and Horizon Air, will take delivery of 13 "Next-Generation" 737s over the next several years. The carrier already has 116 737s in its fleet.
More than 125 customers have placed orders for more than 5,400 737s. Unfilled orders exceed 2,000 airplanes, Boeing said.
Boeing shares rose $3.42, or 5.4 percent, to close at $66.60. Alaska Air shares added $1.33, or 2.8 percent, to end at $49.26.

Too bad these are replacement aircraft.