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STATE Juneau Empire SEATTLE - Alaska Air Group Inc. on Thursday said its second-quarter profit rose 37 percent despite rising fuel prices, as it accounted for fuel hedges that will close in future quarters. The operator of Alaska Airlines and Horizon Air also said it will cut capacity, and suggested job losses are coming in the fall.

Alaska Air books 2nd-quarter profit on hedging, still predicts job losses

Cost-cutting measures: An Alaska Airlines Boeing 737 makes a final approach June 30 at Juneau International Airport. The Seattle-based airline announced it is cutting management staff by 5 percent and reducing passenger capacity by as much as 10 percent. The airline also will raise fares and other fees because of high fuel prices.

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