Alaska Air Group—parent of Alaska Airlines, Virgin America and Horizon Air—earned $296 million in net income in the second quarter, up 13.8% over a net profit of $260 million in the 2016 June quarter, which does not include Virgin America’s 2016 second-quarter figures. Seattle-based Alaska’s $4 billion acquisition of San Francisco-based Virgin America closed in December 2016, so the company calculated a $505 million adjusted pre-tax profit for the combined company in ...

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