SEATTLE -- Alaska Air Group Inc., based here, reported a record
profit of $134 million in 1999, up 8% from 1998.
The company, which owns Alaska Airlines and Horizon Air,
recorded revenue of $2.1 billion, up 10%.
Profits sank 37% in the fourth quarter, however, on revenue that
increased 10%, to $502 million.
According to chairman and chief executive John F. Kelly, the
company is well positioned for this year, despite increases in
costs driven mainly by year-over-year price increases for fuel.