July 25, 2008
Alaska Air Group Q2 Net Income Increases
The Alaska Air Group has reported that its net income in the second quarter of 2008 was $63.1 million or $1.74 per diluted share, compared to net income of $46.1 million or $1.13 per diluted share in the second quarter of 2007.
Excluding special items, the company has reported a net loss of $14.1 million or $0.39 per share, compared to net income of $47.2 million or $1.16 per share and a first call mean estimate loss of $0.41 per share in the second quarter of 2007.
The total operating revenues in the second quarter of 2008 were $930.8 million, compared to $904.4 million in the in the second quarter of 2007.
Bill Ayer, chairman and CEO of the Alaska Air Group, said: "Skyrocketing fuel prices have eclipsed the improvements we have worked so hard to achieve in every area of our business. Decisive action, an excellent operation, and the genuine, caring service our employees provide will help us survive what is shaping up to be the most difficult period in commercial aviation history."