Oct. 20—Alaska Air Group posted record third-quarter revenue and strong financial results Thursday, stoked by high fares and full airplanes through the summer. After a nightmarish breakdown in its operations in the spring, the airline recovered in the quarter to lead the industry in on-time performance.
Despite recession fears and a large increase in labor costs from major contract deals with its pilots, Alaska Air CEO Ben Minicucci on Thursday proclaimed the airline was back on a…