Alaska Airlines announces major expansion of First Class and Premium seating
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With much of the US airline industry seeking but not finding profitability, Alaska Air Group reports a second-quarter profit of $220 million as the carrier’s premium offerings set it apart from struggling discounters.
“It’s clear that premium airlines are rising above the rest of the industry,” chief executive Ben Minicucci said on 17 July. ”Alaska’s product and performance put us in that top tier, with a strong long-term outlook to grow and compete.”
The parent company of Seattle-based Alaska Airlines says its profits were down slightly from the $240 million it reported during the second quarter of last year. Alaska’s nearly 16% ajdusted pre-tax margin should “lead the industry” during the period, Minicucci says.
Alaska Air Group reports revenue of $2.9 billion during the three months ending 30 June, increasing 2% from the $2.84 billion it reported last year.
https://www.flightgl.../159183.article
Edited by Victoria Watcher, 17 July 2024 - 11:06 PM.