Alaska Air Group’s board elected chief executive Brad Tilden as chairman today.
He succeeds Bill Ayer, former chief executive of the Seattle-based carrier, who will retire on 31 December.
Tilden took over as chief executive from Ayer in May 2012.
“Under Brad's leadership, Alaska Air Group has continued to set the bar in safety and operational performance, provide award-winning service, innovate to make flying easier, grow our network, and achieve record financial results,” says Ayer in a statement. “His new role as chairman completes an orderly leadership transition that the board has been planning for years.”
The airline posted a $470 million operating profit on $1.56 billion in revenues during the third quarter. Net profit was $289 million.
Alaska owns Alaska Airlines and Horizon Air.