Horizon Air parent sees year-over-year fourth quarter net earnings fall 31% to $44 million

Alaska Air Group, the parent company of Horizon Air which serves the Medford airport, reported a $44 million fourth-quarter net profit, down from $64 million for a similar period in 2011.
The Seattle based company, which also operates Alaska Airlines, said total passenger revenue grew 9 percent year over year, with traffic up nearly 9 percent and passenger yield, a representation of fare per mile, flat.
Alaska said its staff earned $88 million in incentive pay, or more than one-month’s pay for most employees. Over the past four years, employees have earned more than $325 million in incentive pay, averaging 8 percent of annual pay for most employees.

The Labor Department reported jobless claims were at a five-year low for the week ending Jan. 19.

Rail intermodal activity grew last week over a similar period in 2011 as did container use. But trailer traffic declined.

Wall Street Journal columnist Scott McCartney describes ways to find airline bargains.

I hope to have updates from this afternoon’s Southern Oregon Business Conference at the Medford Red Lion.

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    Greg Stiles

    Covering the Southern Oregon business and economy since 2001. Read Full
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