Alaska Air Group posts US$505m adjusted pre-tax profit in Q2
Alaska Air Group—parent of Alaska Airlines, Virgin America and Horizon Air—earned US$296m in net income in Q2, up 13.8% over a net profit of $260m in the 2016 June quarter, which does not include Virgin America’s 2016 Q2 figures. Alaska’s $4b acquisition of Virgin America closed in Dec 2016, so the company calculated a $505m adjusted pre-tax profit for the combined company in the 2017 Q2, excluding $24m in merger-related costs. That compares to a $493m adjusted pre-tax profit for Alaska and Virgin America combined in the 2016 Q2. The combined revenue of Alaska and Virgin America rose 10% year-over-year in Q2 to $2.1b while combined expenses rose 13% to $1.6b, producing an operating profit of $493m, up 1% over combined operating income of $489m for the two companies in the 2016 June quarter. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2017-07-27/unaligned/alaska-air-group-posts-us-505m-adjusted-pre-tax-profit-in-q2
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Alaska Air Group posts US$505m adjusted pre-tax profit in Q2
Alaska Air Group—parent of Alaska Airlines, Virgin America and Horizon Air—earned US$296m in net income in Q2, up 13.8% over a net profit of $260m in the 2016 June quarter, which does not include Virgin America’s 2016 Q2 figures. Alaska’s $4b acquisition of Virgin America closed in Dec 2016, so the company calculated a $505m adjusted pre-tax profit for the combined company in the 2017 Q2, excluding $24m in merger-related costs. That compares to a $493m adjusted pre-tax profit for Alaska and Virgin America combined in the 2016 Q2. The combined revenue of Alaska and Virgin America rose 10% year-over-year in Q2 to $2.1b while combined expenses rose 13% to $1.6b, producing an operating profit of $493m, up 1% over combined operating income of $489m for the two companies in the 2016 June quarter. <br/>
