Alaska Air Group, whose Horizon Air unit handles more than half of the passenger activity at the Medford airport, said it made $148 million, or $1.11 per share, in 2014. That’s nearly a 90 percent jump over 2013′s net income of $78 million, or 56 cents per share.
The Seattle-based company announced a 20-cent per share dividend for the fourth quarter, up 60 percent from its third-quarter dividend, to shareholders of record on Feb. 24.
Alaska Air Group said during 2014 it awarded a record $116 million in incentive pay to employees, or more than one month’s pay for most employees. Over the past five years, employees have earned more than $473 million in incentive pay, averaging 8.7 percent of annual pay.
In addition to signing a five-year agreement with Alaska Airline’s flight attendants in December, the company inked a six-year contract with Horizon’s aircraft technicians and fleet service agents in June and a four-year deal with Horizon’s dispatchers last April 2014.
Staying on the subject of airlines, United Airlines today reported a $1.97 billion profit in 2014, an increase of 89 percent year-over-year, or $5.06 per share.
That excludes an $834 million special item, knocking down net income to $1.13 billion, or $2.93 per diluted share
During the fourth quarter, UAL reported bottom-line earnings of $28 million or $0.07 per diluted share.
Sportsman’s Warehouse said it will open its seventh Oregon store in Albany later this year, and ninth new store overall in 2015. This store will be located in the Albany Plaza Shopping Center.
Walla Walla, Wash.-based Banner Corp., parent company of Banner Bank and recent purchaser of AmericanWest Bank, said its net income in the fourth quarter of 2014 was $12.2 million, or 63 cents per share, compared to $11.6 million, or 60 cents per share, for the fourth quarter a year ago.
For all of 2014, Banner Corp.’s net income increased 17 percent to $54.6 million, or $2.82 per share, compared to $46.6 million, or $2.40 per share, in 2013.
The acquisition of American West Bank and six branches of Siuslaw Bank were major events in 2014 for the bank, CEO Mark Grescovich said.
“We believe these achievements, taken together, will result in a transformational year for Banner in 2015,” he said in a statement this week.said “We will have the opportunity to deploy our super community bank model throughout a strengthened presence in Washington, Oregon and Idaho, and enter into attractive growth markets in California and Utah.”