Alaska Airlines and its subsidiary Horizon Air continue to make money despite sharply higher fuel prices. Executives with the Seattle based airline group Thursday reported a twelfth consecutive quarterly profit. CEO elect Brad Tilden says the 28 million dollar net profit in this year's first quarter is "marginally" smaller than the same quarter last year.
Brad Tilden: "Given this quarter's solid results and the current demand environment, we're cautiously optimistic about 2012. The biggest headwind is high fuel prices and their impact both on our cost structure and on the pocketbooks of our customers."