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.