Alaska Airlines 737-800. Courtesy, AS Alaska Air Group, parent of Alaska Airlines (AS) and Horizon Air, earned net income of $40.8 million in the first quarter, a 45% drop from a $74.2 million net profit earned in the year-ago quarter. Revenue lifted 7.7% to $1.04 billion but fuel costs jumped 63.9% to $318.8 million. Excluding mark-to-market fuel hedge gains of $19.9 million, the company reported first-quarter net income of $28.3 million, compared to net income excluding special ...

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