Alaska Airlines poised for profitable year.SEATTLE--(BUSINESS WIRE)--May 20, 1997--John F. Kelly Kel·ly , Ellsworth Born 1923. American abstract painter and sculptor whose works are characterized by flat color areas with sharply defined edges. Kelly, Emmett 1898-1979. , chairman, president and chief executive officer of Alaska Air Group told shareholders at the company's annual meeting today that the company is poised for a profitable year. "Alaska Airlines Alaska Airlines, (NYSE: ALK) is an airline based in Seattle, Washington, United States. It operates hubs at Seattle-Tacoma International Airport, Ted Stevens Anchorage International Airport, Los Angeles International Airport, and Portland International Airport. is in its best competitive position in years," Kelly said. "At the same time, Horizon Air is adjusting to changes in its markets to improve its competitive position, the results of which we expect to see beginning in the third quarter. Ultimately, however, the level of our overall profitability will be affected by industry actions in the fourth quarter." In other news, William H. Clapp, a director since 1977, announced his resignation from the board, effective today, to devote more time to his charitable and non-profit activities. Clapp is chairman and president of Matthew G. Norton Co. in Seattle and the founder of Global Partnerships, an organization dedicated to the reduction of poverty. "The Alaska Air Group family, and especially this board, will sorely sore·ly adv. 1. Painfully; grievously. 2. Extremely; greatly: Their skills were sorely needed. miss Bill Clapp's wise counsel, extensive business expertise and warm friendship," said Kelly. "We join in wishing him the very best and we thank him for his many contributions to the company over the years." Shareholders also reelected Mary Jane Fate, John F. Kelly and Bruce R. Kennedy For other persons named Bruce Kennedy, see Bruce Kennedy (disambiguation). Bruce R. Kennedy (1938 - June 28, 2007) was a businessman best known for his work as Chief Executive Officer of Alaska Airlines between 1979 and 1991 where he presided over the expansion of the airline. to three-year terms on the board. Mary Jane Fate has been a director since 1979 and is the general manager of a family business in Fairbanks, Alaska Fairbanks (IPA: /ˈfɛərbæŋks/) is a Home Rule City in Fairbanks North Star Borough, Alaska, United States. . A member of the University of Alaska Board of Regents An independent governing body that oversees a state's public Colleges and Universities. All 50 states have governing bodies that oversee the administration of public education. , she also serves as a director of Horizon Air Industries and the Baan o yeel kon Corp., an Alaska Native village corporation. John F. Kelly has been a director since 1989 and is the chairman, president and chief executive officer of Alaska Air Group and Alaska Airlines and chairman of Horizon Air. He is also a director of Washington Water Power, a Spokane, Wash., public utility. Bruce R. Kennedy is chairman emeritus e·mer·i·tus adj. Retired but retaining an honorary title corresponding to that held immediately before retirement: a professor emeritus. n. pl. of Alaska Air Group. He formerly served as chairman, president and chief executive officer of Alaska Air Group and Alaska Airlines. He has been a director since 1972. Alaska Air Group is the parent company of Alaska Airlines and Horizon Air Industries. Alaska and Horizon serve more than 70 cities in Alaska, Canada, Mexico, Russia and seven western states. CONTACT: Alaska Airlines Lou Cancelmi, 206/433-3170 |
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