Alaska Airlines reports record numbers for 2Q

Written by Dave Gallagher | The Bellingham Herald | July 26, 2012

Here are some highlights from Alaska Airlines’ second quarter results:

–  Reported record second quarter net income, excluding special items, of $110.8 million, or $1.53 per diluted share, compared to adjusted net  income of $89.6 million, or $1.22 per diluted share.

–  Held the No. 1 spot in U.S. Department of Transportation on-time performance among the 10 largest U.S. airlines for the twelve month ended May 2012.

–  Improved employee productivity by 3.7 percent.

—  Achieved trailing twelve-month return on invested capital of 12.3 percent, compared to 11.5 percent in the twelve months ended June 30, 2011.

–  Lowered adjusted debt-to-total capitalization ratio by 4 points, to 58 percent, since December 31, 2011.

–  Ratified a six-year agreement on July 18, 2012, with the International Association of Machinists and Aerospace Workers (IAMAW) representing Alaska’s ramp service and stores agents.

New routes:

New Non-Stop Routes (Launch Date)

Oakland to Honolulu (4/10)

San Diego to Monterey (6/4)

San Jose to Honolulu (4/10)

Portland to Bellingham (6/4)

San Jose to Reno (6/4)

Portland to Bozeman (6/4)

San Diego to Santa Rosa (6/4)

Portland to Santa Barbara (6/4)

San Diego to Fresno  (6/4)

Seattle to Philadelphia (6/11)

–  Scheduled new service to start in the second half of the year as  follows:

New Non-Stop Routes (Launch Date)

Seattle to Fort Lauderdale (7/16)

Portland to Lihue (11/5)

Portland to Washington, D.C.  (8/28)

Bellingham to Kahului (11/8)

Seattle to San Antonio (9/17)

Anchorage to Kona (11/10)

San Diego to Orlando (10/11)