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Much rich Edson.
Why -- Alaska Air Group passengers walking on air because perhaps -- carrier has taken JD power & Associates top spot for customer satisfaction.
Among traditional carriers and this for -- remarkable six years in a row.
But guess what the -- yeah.
There's also walking on sunshine Alaska Air Group CEO and president joining me now out of -- with its exclusive live from Seattle good to see you Brad and and honestly it's it's so nice to start a story like this about airlines yesterday we -- spirit -- they've got a great story to tell albeit completely different but.
You hear adding -- your adding capacity I'm assuming businesses really good right now.
Business is good -- thank you for noticing we one of the things about Alaska's were a little smaller the most the airlines were about three and a half percent.
But the US industry but we have fantastic people we do try to operate reliably we try to take great care customers and we're gratified by that JD power recognition.
JD power but you've also gotten all kinds of customer satisfaction reports number one in on time performance the impression.
Is though that customer satisfaction doesn't always translate to shareholder satisfaction.
Over the past year we could -- your chart you will see -- -- in our viewers because you already know proud that the stock is up about 77%.
As a CEO what have you done to marry Wall Street's opinion of you and -- opinion -- you along with.
Perhaps the JD power's out there and customers who seem to be pretty happy.
Yeah -- I think that all goes down to a long term focus it's easy in any particular setting to do this for customers for the short runner for employees -- for shareholders.
-- -- -- -- -- -- -- 34567.
Or eight years now.
Is sort of had a long term orientation what are we need to do to be a great company for customers and that means beyond timely reliable low -- great service.
What are we need to do to be a great place to work for boys.
And that's job security and good pay and good -- -- when the company does well and what are we need to do to be -- good company for investors and we can talk more about that.
But our plan that we've been working on for a long long time is to make the company a good strong company for all three of those constituent groups.
In this on the bottom line and your -- in recent earnings report you matched on the revenue -- why why did that happen to so that we know.
Yeah you know what we really attorneys today -- -- absolute level of earnings was very strong that was at thirteen and a half percent margin of a 105 million dollar profit.
There was there -- there's a little bit -- capacity -- markets that we're dealing with and then we had two or three things on the expense side that were a bit unusual but what I'm sorry can't early.
You say too much capacity of -- temperature adding fifteen new routes.
Yeah individual a limited that it competition and OK I think overall in the industry.
Competition is at a very reasonable level but in our markets in the second quarter -- -- bit more competition and we've seen in the last couple.
You have two different kinds of aircraft that he is -- -- and Bob RD day out of Canada that I don't know if you just saw the breaking news that air India's mishap where the fire happened.
You're wondering what the heck happened again with the Boeing jet turns out it was an -- and fire and you're sticking with -- -- very focused on that.
We're sticking with Boeing Boeing -- I did hear your report on that area and that -- India.
Issue and now we're we're sticking with -- -- 737 has been a fantastic airplane force.
It just as importantly what one is that we found been terrific.
Is to have a single fleet type and really just focus on efficiency.
And both Alaska and horizon in the -- -- -- -- low cost.
And low cost -- low fares and that's what our customers care about.
Okay and and I just have to ask because we found this fascinating you're now going to be using by the year 2018 a bio fuel on your roots to Hawaii we have a little fun with this because we thought.
What catapult biofuel would you be using -- be pineapple let me tell us about the bio fuel leopard and does it save you money.
Think it's it's unlikely to save us money out of the gate -- we Alaska's done this once before we're doing it again now.
Basically just to demonstrate that there will be a market for biofuels when those -- are able to come to the market efficiently.
We've done once before I think the cost was fifteen dollars a gallon or something like that so wasn't efficient at all it.
I think -- more people come into the market the prices will come down and it will be viable and now one of these we're just trying to save the world is that when there is.
Good product there at reasonable prices there will be a market -- about to -- biofuels.
Market for biofuels eventually.
-- -- -- at least making an effort there thank you so much Bratton by the way Brad -- saying we are sticking with Boeing he's the president and CEO of Alaska Air Group.
Again stock up about 75%.
Year over year with a PE of nine looks pretty inexpensive at this point closing bell ring.
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