Boom in the profit of Alaska Air
May increase employee strength in 2020
During 2019, the number of passengers traveled by Alaska Air has significantly increased. Alaska Air operates at remarkably higher tariff rates with comparatively low priced jet fuel, this makes deadliest combination of win-win situation. Alaska Air Group is based in Seattle and is a parent company of Alaska Airlines and Horizon Air. The profit of the company in the year 2019 was tremendous. Boom in Alaska Air profit – 2019. The company is going to hire more employees and going to build its strength in 2020.
As per the official figures, the profit is $769 million last year which is almost 75% rise from previous figures of $437 million. This increasing need will be resulting in recruitment of 400 pilots on board. They will divide equally between Alaska Airlines and Horizon. Also, about 300 in-flight attendants, approximately 1000 passenger service agents, 450 ground staff along with nearly 100 technical supporting staff and some other positions will be fill this year in 2020. This is quite a very big figures since the commissioning of this Alaska Air. Possible posting areas will be Seattle and Portland and some of them on the less crowded airports.
“The decision of merging San Francisco based Vergin America in Alaska Air is now delivering its fruitful results over a period of 3 years now”, as per CEO of Alaska. Refurbishment and painting work is ON to give a new look. According to him, the management will form exciting incentive programs to share the profit with existing on board employees.
For Alaska Air, Shooting profits – Inexpensive Fuel
Increasing number of passengers with fairly higher airfare resulted in climbing profit figures in the 4th quarter of 2019. This figures are really satisfactory for Alaska Air.
During the year of 2019, approximately 46.7 million passengers flown in Alaska Air which is almost 2% higher than the previous year figures. Furthermore, the performance of the airline enhanced 4.2%, on the other hand fuel prices dropped by 3.9%. These aspects have extended the growth of 2.3% in nonfuel expenses for 2019.