Despite snowstorm and price wars, Alaska Air posts steady quarterly earnings
Alaska Air Group, parent company of Alaska Airlines and regional carrier Horizon Air, posted steady quarterly financial results Thursday, despite the February snowstorms that caused about 1,100 canceled flights as well as weak transcontinental fares between California and New York. The full integration of Virgin America and its fleet of Airbus jets into Alaska Airlines is within sight, executives said. And the new flights out of Paine Field in Everett have yielded very positive results. The airline group reported a Q1 net profit of US$4m, identical to the result a year earlier. Alaska CE Brad Tilden said revenues were set back by “a series of winter storms in February that significantly disrupted our operations”. He called the snowstorms “the most significant winter weather the Pacific Northwest has seen in 50 years.” <br/>
https://portal.staralliance.com/cms/news/hot-topics/2019-04-26/unaligned/despite-snowstorm-and-price-wars-alaska-air-posts-steady-quarterly-earnings
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Despite snowstorm and price wars, Alaska Air posts steady quarterly earnings
Alaska Air Group, parent company of Alaska Airlines and regional carrier Horizon Air, posted steady quarterly financial results Thursday, despite the February snowstorms that caused about 1,100 canceled flights as well as weak transcontinental fares between California and New York. The full integration of Virgin America and its fleet of Airbus jets into Alaska Airlines is within sight, executives said. And the new flights out of Paine Field in Everett have yielded very positive results. The airline group reported a Q1 net profit of US$4m, identical to the result a year earlier. Alaska CE Brad Tilden said revenues were set back by “a series of winter storms in February that significantly disrupted our operations”. He called the snowstorms “the most significant winter weather the Pacific Northwest has seen in 50 years.” <br/>
