Alaska Air profit tops expectations
Alaska Air Group reported better-than-expected earnings in the latest quarter amid declining fuel costs, as the company seeks regulatory approval for its proposed marriage with Virgin America. US airliners have reported strong financial performance in recent quarters, the result of slower growth, less competition and cheaper fuel. Alaska Air reported its aircraft fuel expenses, including hedging gains and losses, had declined 29% to US$167m. In the quarter ended March 31, Alaska Air’s unit revenue fell 6.1% compared with the prior-year quarter. Unit revenues have been declining across the industry because of relatively rapid expansions. Overall for Q1, Alaska Air reported a profit of $184m, or $1.46 a share, compared with $149m, or $1.12 a share, in the prior-year period. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-04-22/unaligned/alaska-air-profit-tops-expectations
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Alaska Air profit tops expectations
Alaska Air Group reported better-than-expected earnings in the latest quarter amid declining fuel costs, as the company seeks regulatory approval for its proposed marriage with Virgin America. US airliners have reported strong financial performance in recent quarters, the result of slower growth, less competition and cheaper fuel. Alaska Air reported its aircraft fuel expenses, including hedging gains and losses, had declined 29% to US$167m. In the quarter ended March 31, Alaska Air’s unit revenue fell 6.1% compared with the prior-year quarter. Unit revenues have been declining across the industry because of relatively rapid expansions. Overall for Q1, Alaska Air reported a profit of $184m, or $1.46 a share, compared with $149m, or $1.12 a share, in the prior-year period. <br/>
