Alaska Airlines has shared its revenue for the second quarter, focusing heavily on recording record revenue and running a robust and reliable operation.
The company said that on June 30th, it broke records by carrying the most guests in a single day in company history. In contrast, they had a completion rate of 99.59% for the quarter just gone. The airline says this is the lowest rate of cancellation of any airline. Meanwhile, not only were cancellations common, but Alaska says that more than 82% of flights arrived within 15 minutes of their scheduled arrival time.
Meanwhile, Alaska Airlines continues its commitment to securing new aircraft to power its future fleet, as the airline says of the 251 aircraft ordered, 53 of which have already been delivered.
However, one of the biggest takeaways is the strong performance in the second quarter, which for the airline was record-breaking once more. Alaska Airlines said it saw $240 million in profits which is 75% higher than the same quarter one year prior. Meanwhile, revenue also grew to $2.8 billion.
However, despite growth in these areas, there are warning signs that the company has now peaked, and future forecasting may finally see the impact of inflation and more hit the airline. Analysts say third-quarter guides off the back of solid second quarters look a little softer too.