The Anchorage economy showing promise can be used as an indicator for the rest of Alaska, Bill Popp, president and CEO of the Anchorage Economic Development Corp., told the Society for Marketing Professional Services at an Oct. 23 luncheon.
Job growth, or lack thereof, is one of the first indicators he looks at when determining the health of an economy, Popp said. Figures were flat in 2009 and 2010 because employers were wary of faltering economies elsewhere.
Alaska Air Group, Inc. announced record profits when its third quarter earnings were released Oct. 25.
The airline company reported $150.3 million in net earnings for the quarter, compared with $131.1 million in the third quarter of 2011. Total revenue for the quarter was $1.3 billion.
“This is the highest quarterly profit in our history and it’s the 14th consecutive quarterly profit that we’ve reported,” Brad Tilden, president and CEO, said.
Alaska Air Group manages Alaska Airlines and the smaller Horizon Air.