Alaska Air Group reports record third quarter results

Alaska Air Group reported third quarter 2012 GAAP net income of $163.4m compared to $77.5m in 2011. Excluding the favorable impact of mark-to-market fuel hedge adjustments of $21.2m ($13.1m after tax) the company reported record third quarter 2012 net income of $150.3 million compared to net income excluding special items of $131.1m in 2011. Alaska Air Group signed an aircraft purchase agreement with Boeing for 50 new 737 aircraft, including 37 of Boeing’s new 737 MAX aircraft with deliveries expected in 2015 through 2024.