Air Transport World

Alaska Airlines.(US Majors)(Brief Article)

Last year marked a return to profit for the Seattle-based carrier, the ninth-largest US Major measured in RPMs. Parent Alaska Air Group earned $8.8 million versus a loss of $118.6 million in 2002. However, the profit was owing to federal security tax rebates totaling $44.3 million after tax. Excluding this and other special items, AAG lost $35.5 million in 2003 versus a loss of $67.5 million in 2002. Notwithstanding the positive impact of federal aid, the company showed solid growth for the year, with revenues up 10.1% to $1.83 billion while passenger traffic at the mainline climbed 10.4%. Operating expenses, meanwhile, rose 7% to $2 billion as Alaska Airlines reduced its operating loss to $21. …

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