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Alaska Airlines' cargo quarterly profit soars 48.4pc despite market volatility

SEATTLE's Alaska Airlines third quarter net profit increased 48

Alaska Airlines' cargo quarterly profit soars 48.4pc despite market volatility

SEATTLE's Alaska Airlines third quarter net profit increased 48

29 October 2019 - 19:00

SEATTLE's Alaska Airlines third quarter net profit increased 48.4 per cent year on year to US$322 million, drawn on revenues of US$2.4 billion up eight per cent.

Despite weakening global trade sentiment seen over the course of 2019, reported New York's Air Cargo World, Alaska Airlines attributed its good fortune to new capacity available through the Virgin Atlantic fleet, as well as strong demand in its continental US network.



For the first three quarters of the year combined, Alaska saw a six per cent, a $6.6 billion increase. Cargo alone grew three per cent in the third quarter. For the first three quarters of 2019, the cargo and other unit saw a 15 per cent increase to $169 million.



Growth in the carrier's cargo business benefited from the cargo capacity Alaska began selling during the third quarter on the former Virgin America fleet. Previously, there was no cargo carried on those aircraft.



Alaska Airlines also noted that volumes are up 33 per cent on its Airbus fleet operating in the continental US. Net profit for the first three quarters of 2019 totalled US$588, up 42 per cent year on year.


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