Business

Alaska Air Group Flies To Best-Ever Quarterly Profit

OPB | July 22, 2010 2:55 a.m. | Updated: July 17, 2012 1:07 a.m. | Olympia, WA

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The corporate parent of Alaska Airlines and Horizon Air flew to its best ever quarterly profit this spring. Airline executives in Seattle said Thursday that the bottom line is benefiting from added fees and passenger charges — such as for checked luggage.

Air group chairman Bill Ayer says earnings in the second quarter of this year doubled over the same period last year.

Bill Ayer: “Our results were driven by higher load factors, improved pricing, bag fee revenues and good cost control, partially offset by higher fuel costs.”

Ayer says Alaska Airlines and its sister carrier Horizon will be cautious about adding flights as the economy improves. Competitors are taking the same approach.

That means airfares could creep higher over the coming year when increasing demand meets limited growth in available seats.

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