Jump to content

Alaska Air 3Q income rises, profit climbs nearly 40%


Recommended Posts

Posted

Alaska Air 3Q income rises, profit climbs nearly 40%

2010-10-22 18:07:06 GMT+7 (ICT)

SEATTLE, WASHINGTON (BNO NEWS) -- Alaska Air Group on Thursday reported best quarter ever after a nearly 40 percent profit rise in 3Q.

After strong demand, the company reported net income of $122.4 million, or $3.32 per diluted share, compared to net income of $87.6 million, or $2.46 per diluted share, in the third quarter of 2009.

Excluding items, the company earned $3.21 a share. Analysts were expecting profit of $3.10 a share. The Seattle-based company reported that revenue rose 10.3 percent to $1.07 billion, from $967.4 million in 2009 in the same period.

"We are pleased to report our best quarter ever, with record earnings driven by higher traffic and load factors," said Bill Ayer, chairman and chief executive officer.

tvn.png

-- © BNO News All rights reserved 2010-10-22

Create an account or sign in to comment

You need to be a member in order to leave a comment

Create an account

Sign up for a new account in our community. It's easy!

Register a new account

Sign in

Already have an account? Sign in here.

Sign In Now
  • Recently Browsing   0 members

    • No registered users viewing this page.



×
×
  • Create New...