Alaska Air Group today reported second quarter 2016 GAAP net income of $260 million, or $2.10 per diluted share, compared to $234 million, or $1.79 per diluted share in the second quarter of 2015.
Excluding the impact of mark-to-market fuel hedge adjustments and merger costs, the company reported record adjusted net income of $263 million, or $2.12 per diluted share, compared to adjusted net income of $230 million, or $1.76 per diluted share, in 2015.
“This was a great quarter for us. From strong operational and financial performance to a growing customer base, our team delivered,” said chief executive officer Brad Tilden. “I want to thank our terrific people, who were once again recognized by J.D. Power for having the highest customer satisfaction among traditional network airlines for the 9th consecutive year. All of us at Alaska are enthusiastically looking forward to our merger with Virgin America and creating a larger national reach while fortifying our presence along the entire West Coast.”