October 25, 1996 in Nation/World

Alaska Air Group Posts Record Profits

From Staff And Wire Reports
 

Alaska Air Group on Thursday reported record third-quarter profits as more people flew its planes.

The parent company of Alaska Airlines and Horizon Air said net income for the three months ended Sept. 30 totaled $32.8 million, or $2.25 per share, compared with $27.4 million, or $2.01 per share, in the comparable 1995 period.

Operating income was $63 million, compared with $61.9 million a year ago. Operating revenue for the quarter rose 18 percent to $465 million.

Alaska Airlines’ third-quarter passenger traffic increased 14.5 percent on a capacity increase of 7 percent. Horizon Air’s passenger traffic increased 0.3 percent on a capacity increase of 0.3 percent.


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