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Tue, 07/27/2021 - 7:08pm
Passengers are returning to the skies in levels approaching pre-pandemic numbers, but Alaska Air Group’s first profit in six quarters was based on a final round of federal payroll relief payments. (Photo/Tribune News Service)
Alaska Airlines is back in the black, but not without significant help.
The airline’s Seattle-based parent company, Alaska Air Group Inc., officially posted a $397 million profit in the second quarter that compares extremely favorably against the $214 million loss in the pandemic-restricted second quarter of 2020.
The profit came after five consecutive quarters of losses that totaled nearly $1.5 billion.
“The results we published this quarter show we are successfully rebuilding our company and returning to profitability,” CEO Ben Minicucci said in a July 22 earnings call.
Operator
Good morning. My name is Seeya, and I will be the conference operator today. At this time, I would like to welcome everyone to the Alaska Air Group 2021 second-quarter Earnings Release conference call. Today s call is being recorded and will be accessible for future playback at alaskaair.com.
[Operator instructions] I would now like to turn the call over to Alaska Air Group s managing director of investor relations, Emily Halverson. Please go ahead.
Emily Halverson
Managing Director of Investor Relations
Thank you, Seeya and good morning. Thank you for joining us for our second-quarter 2021 earnings call. This morning, we issued our earnings release, which is available at investor.alaskaair.com. On today s call, you ll hear updates from Ben, Andrew and Shane.
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