Alaska Air Group—parent of Alaska Airlines, Virgin America and Horizon Air—reported a 2018 second-quarter net income of $193 million, down 35% compared to net income of $293 million in the 2017 2Q. Revenue for the quarter was up 3% to $2.2 billion. In response to the results, Alaska said it will cut 2019 growth plans in half—part of a multi-pronged strategy to reduce costs and maintain margins as the airline continues to adjust following the acquisition of Virgin ...

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