Alaska Air Group's passenger revenue increased 8 percent year over year in the third quarter to $2.21 billion. Chief commercial officer and EVP Andrew Harrison said premium class revenue rose 13 percent, driven by Alaska's growing capacity on longer flights. More than 50 percent of Alaska's capacity is on flights of at least five hours, which "drives strong demand for our premium products," he said. Traffic rose 4.4 percent, and capacity increased 3.4 percent, pushing load factor up 0.9 percentage points to 85.8 percent. Yield increased 3.6 percent. Alaska reported a net income of $322 million for the quarter, up from $217 million in the third quarter of 2018.
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