Alaska Air, which became the fifth-largest US carrier after completing its us$2.6 billion acquisition of Virgin America in December, has reported a 10.7 per cent rise in quarterly revenue as it flew more passengers.
Alaska Air said passenger unit revenue, which compares sales to how many seats an airline flies and how far it flies them, fell about 1 per cent in the fourth quarter ended December 31.
Alaska Air agreed to buy Virgin America, paying $57 per share. Including debt and aircraft leases, the transaction is worth about $4bn.
The combined airline now has 1,200 daily departures, 280 aircraft, and hubs in Seattle, San Francisco, Los Angeles, Anchorage, Alaska, and Portland, Oregon.
The company’s net income fell to $114 million, or 92 cents per share, in the quarter from $191m, or $1.51 per share, a year earlier.
Excluding items, Alaska Air earned $1.56 per share in the quarter, compared with $1.46 per share a year earlier.
Total operating revenue rose to $1.52 billion from $1.38bn.
* Agencies
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The specs: 2018 Mercedes-Benz S 450
Price, base / as tested Dh525,000 / Dh559,000
Engine: 3.0L V6 biturbo
Transmission: Nine-speed automatic
Power: 369hp at 5,500rpm
Torque: 500Nm at 1,800rpm
Fuel economy, combined: 8.0L / 100km
Company%20Profile
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Plan to boost public schools
A major shake-up of government-run schools was rolled out across the country in 2017. Known as the Emirati School Model, it placed more emphasis on maths and science while also adding practical skills to the curriculum.
It was accompanied by the promise of a Dh5 billion investment, over six years, to pay for state-of-the-art infrastructure improvements.
Aspects of the school model will be extended to international private schools, the education minister has previously suggested.
Recent developments have also included the introduction of moral education - which public and private schools both must teach - along with reform of the exams system and tougher teacher licensing requirements.
Company%20profile
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Company%20Profile
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BEETLEJUICE BEETLEJUICE
Starring: Winona Ryder, Michael Keaton, Jenny Ortega
Director: Tim Burton
Rating: 3/5
COMPANY%20PROFILE
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Living in...
This article is part of a guide on where to live in the UAE. Our reporters will profile some of the country’s most desirable districts, provide an estimate of rental prices and introduce you to some of the residents who call each area home.
Confirmed%20bouts%20(more%20to%20be%20added)
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Five%20calorie-packed%20Ramadan%20drinks
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Results
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The specs
Engine: Long-range single or dual motor with 200kW or 400kW battery
Transmission: Single-speed automatic
Max touring range: 620km / 590km
Price: From Dh250,000 (estimated)
Honeymoonish
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Company%20Profile
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BORDERLANDS
Starring: Cate Blanchett, Kevin Hart, Jamie Lee Curtis
Director: Eli Roth
Rating: 0/5
Blackpink World Tour [Born Pink] In Cinemas
Starring: Rose, Jisoo, Jennie, Lisa
Directors: Min Geun, Oh Yoon-Dong
Rating: 3/5
COMPANY%20PROFILE%20
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Greatest of All Time
Starring: Vijay, Sneha, Prashanth, Prabhu Deva, Mohan