Alaska Airlines’ announcement Tuesday that it will redeploy Hawaiian Airlines widebody passenger jets for nonstop routes from Seattle to Asia and Anchorage, Alaska, paves the way for the company’s first meaningful participation in the international air cargo market and faster growth of its freight business.
Cargo is poised to deliver $150 million of new annual profit for Alaska Airlines (NYSE: ALK) on the heels of September’s $1.9 billion merger with Hawaiian, harnessing the capabilities of the...