Alaska Air Group reports second quarter 2016 results

Alaska Air Group reported second quarter 2016 GAAP net income of US$260m, compared to US$234m in the second quarter of 2015. Excluding the impact of mark-to-market fuel hedge adjustments and merger costs, the company reported adjusted net income of US$263m, compared to adjusted net income of US$230m in 2015. Alaska Air Group held US$1.6bn in unrestricted cash and marketable securities as of June 30, 2016.