Alaska Airlines ‘on the path to profitability’
Alaska Air Group narrowed its loss in Q2 2021, as passenger demand rose in line with the entire air transport industry. The Seattle-based company, parent to Alaska Airlines and Horizon Air, says on 22 July that it notched a $397m profit, which included federal payroll support, compared to a net loss of $214m in the same quarter in 2020. Without the financial aid, the company said it lost $38m during the period. Alaska reported quarterly revenue of $1.5b, that’s up from $421m during the same quarter of coronavirus-plagued 2020. In 2019, that figure was $2.3b. “As we put the worst of last year’s downturn behind us, Alaska is back on the path to profitability,” says CE Ben Minicucci. “We are executing our plan, rebuilding our network, leveraging our capacity to meet growing demand, and delivering exceptional service and value to our guests.” Its operating expenses in the second quarter were $978m, 38% higher than last year. Alaska carried 8.7m passengers in Q2 2021, almost six times as many as in the same three months a year ago, which was the worst quarter for most US airlines, their business destroyed by the beginning of the global Covid-19 crisis.<br/>
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Alaska Airlines ‘on the path to profitability’
Alaska Air Group narrowed its loss in Q2 2021, as passenger demand rose in line with the entire air transport industry. The Seattle-based company, parent to Alaska Airlines and Horizon Air, says on 22 July that it notched a $397m profit, which included federal payroll support, compared to a net loss of $214m in the same quarter in 2020. Without the financial aid, the company said it lost $38m during the period. Alaska reported quarterly revenue of $1.5b, that’s up from $421m during the same quarter of coronavirus-plagued 2020. In 2019, that figure was $2.3b. “As we put the worst of last year’s downturn behind us, Alaska is back on the path to profitability,” says CE Ben Minicucci. “We are executing our plan, rebuilding our network, leveraging our capacity to meet growing demand, and delivering exceptional service and value to our guests.” Its operating expenses in the second quarter were $978m, 38% higher than last year. Alaska carried 8.7m passengers in Q2 2021, almost six times as many as in the same three months a year ago, which was the worst quarter for most US airlines, their business destroyed by the beginning of the global Covid-19 crisis.<br/>
