Alaska Air Group Q2 net profit up 11%
Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported Q2 net income of US$260m, up 11.1% over a net profit of $234m in the prior-year period. Alaska’s Q2 revenue rose 4% year-over-year to $1.49b. Like much of the US airline industry, however, it saw its unit revenue, as measured in PRASM, decline. Mainline Q2 PRASM decreased 7.5% year-over-year to 10.49 cents. The company’s June quarter expenses grew 1% year-over-year to $1.08b and operating income was $418m, up 12% over an operating profit of $372m in the 2015 Q2. Alaska saved $60m on aircraft fuel in the quarter compared to the prior-year period, but did incur $14m in costs related to its proposed acquisition of Virgin America. Alaska Airlines’ mainline traffic increased 10.4% year-over-year in Q2 to 8.45b RPMs. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2016-07-22/unaligned/alaska-air-group-q2-net-profit-up-11
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Alaska Air Group Q2 net profit up 11%
Alaska Air Group, parent of Alaska Airlines and Horizon Air, reported Q2 net income of US$260m, up 11.1% over a net profit of $234m in the prior-year period. Alaska’s Q2 revenue rose 4% year-over-year to $1.49b. Like much of the US airline industry, however, it saw its unit revenue, as measured in PRASM, decline. Mainline Q2 PRASM decreased 7.5% year-over-year to 10.49 cents. The company’s June quarter expenses grew 1% year-over-year to $1.08b and operating income was $418m, up 12% over an operating profit of $372m in the 2015 Q2. Alaska saved $60m on aircraft fuel in the quarter compared to the prior-year period, but did incur $14m in costs related to its proposed acquisition of Virgin America. Alaska Airlines’ mainline traffic increased 10.4% year-over-year in Q2 to 8.45b RPMs. <br/>
