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Hon Arinze Chilo-Offiah, a name significant to the success of Enugu State s startup development
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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.