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Alaska Air Group Inc. on Thursday said its second-quarter profit rose 37 percent despite rising fuel prices, as it accounted for fuel hedges that will close in future quarters. The operator of Alaska Airlines and Horizon Air also said it will cut capacity, and suggested job losses are coming in the fall.
The company said it made $63.1 million, or $1.74 per share, during the quarter that ended June 30. That was up from $46.1 million, or $1.13 per share, that Alaska made during the corresponding period last year.
http://seattlepi.nwsource.com/local/6420ap_earns_alaska_air.html
Southwest said Thursday it earned $321 million, or 44 cents per share, up 15 percent from a year ago, when the airline earned $278 million, or 36 cents per share.
Excluding special items, Southwest said it would have earned $121 million, or 16 cents per share. That beat analysts' forecast of 12 cents per share, according to a survey by Thomson Financial.
http://seattlepi.nwsource.com/business/1310ap_earns_southwest.html
Alaska Air Group Inc. on Thursday said its second-quarter profit rose 37 percent despite rising fuel prices, as it accounted for fuel hedges that will close in future quarters. The operator of Alaska Airlines and Horizon Air also said it will cut capacity, and suggested job losses are coming in the fall.
The company said it made $63.1 million, or $1.74 per share, during the quarter that ended June 30. That was up from $46.1 million, or $1.13 per share, that Alaska made during the corresponding period last year.
http://seattlepi.nwsource.com/local/6420ap_earns_alaska_air.html
Southwest said Thursday it earned $321 million, or 44 cents per share, up 15 percent from a year ago, when the airline earned $278 million, or 36 cents per share.
Excluding special items, Southwest said it would have earned $121 million, or 16 cents per share. That beat analysts' forecast of 12 cents per share, according to a survey by Thomson Financial.
http://seattlepi.nwsource.com/business/1310ap_earns_southwest.html
