Alaska Air Group net income up 39% YoY

Alaska Air Group, Inc., (NYSE: ALK) said it has reported record third quarter net income, excluding special items, of USD277 million, a 39 percent increase over the third quarter of 2014.

Its adjusted earnings per share were USD2.16 per diluted share, a 47 percent increase over the third quarter of 2014 and ahead of First Call analyst consensus estimate of USD2.10 per share.

“This was the busiest summer in our 83 year history and represents our highest quarterly profit ever,” said CEO Brad Tilden.

Alaska Airlines, a subsidiary of Alaska Air Group (NYSE: ALK), together with its partner regional airlines, serves more than 100 cities through an expansive network in the United States, Canada and Mexico.