Business Digest

Posted: Friday, July 27, 2007

Juneau woman named Small-BusinessChampion of the Year

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JUNEAU - Dot Wilson, owner of Coastal Helicopters, was honored with the Small-Business Champion of the Year award during Thursday's Juneau Chamber of Commerce luncheon.

The National Federation of Independent Business presented the award.

Wilson and her husband, Jim, own Coastal Helicopters, a Juneau-based firm with 60 employees during the peak season. Their fleet of 11 helicopters provides charter and contract work for businesses, utility companies and government agencies. In the winter Coastal Helicopters also provides transportation to extreme skiers in other parts of Alaska.

Each year, Coastal Helicopter sponsors a Lynn Wunsch Memorial Tour Day to raise money for Cancer Connection, which flies cancer patients to medical centers throughout the nation. For the past four years, Coastal has raised more than $8,000 each time for the charity.

Alaska Air Group 2nd-quarter profit slips 17 percent

SEATTLE - Alaska Air Group, the parent company of Alaska Airlines and Horizon Air, said Thursday its second-quarter profit slipped 17 percent due in part to higher fuel costs.

Net income fell to $46.1 million, or $1.13 per share, from $55.5 million, or $1.38 per share, a year ago. Excluding fuel hedge accounting adjustments and other items, the company would have earned $47.2 million, or $1.16 per share, in the latest period, compared with $60.3 million, or $1.50 per share, in the second quarter of 2006.

Revenue climbed to $904.4 million, up 4 percent from $873 million last year.

Analysts surveyed by Thomson Financial were looking for higher profit of $1.24 per share on revenue of $902.6 million.

Shares tumbled $3.19, nearly 12, to close at $23.90. Before Thursday, the stock had traded between $25.90 and $45.85 over the past 52 weeks.

"Although our second-quarter profit fell short of last year's, the results represent a solid performance in view of significantly higher fuel costs and a softer revenue environment," said Bill Ayer, the company's chairman and chief executive.

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