Alaska Airlines and Horizon Air parent Alaska Air Group credited capacity cuts, the deployment of aircraft in "promising new markets" and "record operational reliability" for an $87.6 million third-quarter profit that represented a reversal from the $86.5 million loss suffered in the year-ago period. Revenue fell 9.2% year-over-year to $967.4 million against a 31.9% drop in costs to $807.6 million, producing a $159.8 million operating profit. It lost $120 million on an operating level in the ...

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