Thursday, January 27, 2011

Alaska posts record net income in 2010, signals growth, SkyWest gets new work

Alaska continued its good results, achieving its goal of 10% return on invested capital and posting record net income of USD252.1 million compared with USD121.6 million in 2009...

...The good results prompted the airline to announce growth plans for 2012 and beyond...

...Alaska will have the last 13 CRJ 700s out of its fleet by June when Horizon will join Alaska as a single aircraft fleet. However, the Q400 is unsuitable for five lines of flying and Alaska has contracted with SkyWest to fill in these West Coast markets – mostly in longer city pairs between the Pacific Northwest and California – by subleasing five CRJ 700s. The contract is for five to six years, the length of Alaska’s obligations on the aircraft. Alaska indicated the remaining eight will be subleased to other domestic regionals......

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