Alaska's 2018 profits slip amid predictions of 2019 recovery
Alaska Air Group executives say the airline has moved beyond the worst of its recent financial troubles, having turned a corner toward financial improvement. "Our growth is strong… Demand is solid," says CE Brad Tilden. "The progress we are making is also starting to show up in our financial results." The comments came as Alaska announced it earned an operating profit in 2018 of US$643m, down 47% in one year. Alaska's 2018 net profit slipped 54% to $437m. The company generated $8.3b in operating revenue last year, up 5% year-on-year, while operating expenses jumped 14% to $7.6b. Alaska's 2018 CASM increased 8% in one year to 11.66 cents, while CASM excluding fuel and special item expenses inched up just 3% to 8.50 cents. Revenue per available seat mile slipped 0.6% in one year to 11.93 cents, Alaska says. <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-01-25/unaligned/alaskas-2018-profits-slip-amid-predictions-of-2019-recovery
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Alaska's 2018 profits slip amid predictions of 2019 recovery
Alaska Air Group executives say the airline has moved beyond the worst of its recent financial troubles, having turned a corner toward financial improvement. "Our growth is strong… Demand is solid," says CE Brad Tilden. "The progress we are making is also starting to show up in our financial results." The comments came as Alaska announced it earned an operating profit in 2018 of US$643m, down 47% in one year. Alaska's 2018 net profit slipped 54% to $437m. The company generated $8.3b in operating revenue last year, up 5% year-on-year, while operating expenses jumped 14% to $7.6b. Alaska's 2018 CASM increased 8% in one year to 11.66 cents, while CASM excluding fuel and special item expenses inched up just 3% to 8.50 cents. Revenue per available seat mile slipped 0.6% in one year to 11.93 cents, Alaska says. <br/>
