Alaska Air Group GAAP net income nearly doubles from prior year's 4Q

24 January 2014

Alaska Air Group Inc. (NYSE: ALK) said its fourth quarter 2013 GAAP net income totaled USD78m, or USD1.11 per diluted share, compared to GAAP net income of USD44m, or USD0.61 per diluted share in 2012.

Excluding mark-to-market fuel hedge gains of USD2m (USD1m after tax, or USD0.01 per diluted share), the company reported record fourth quarter 2013 net income of USD77m, or USD1.10 per diluted share, compared to net income excluding mark-to-market fuel hedge losses of USD50m, or USD0.70 per diluted share, in 2012.

The company reported full-year 2013 GAAP net income of USD508m, compared to USD316m in the prior year. Excluding the impact of the items noted in the table below, the company reported record net income of USD383m, or USD5.40 per diluted share for 2013, compared to net income of USD339m, or USD4.73 per diluted share in 2012. This marks the fourth year in a row the company has exceeded its goal of a 10 percent return on invested capital.

Alaska Air Group (NYSE: ALK) subsidiary Alaska Airlines, together with its partner regional airlines, serves nearly 100 cities through an expansive network in Alaska, the Lower 48, Hawaii, Canada and Mexico. For reservations, visit www.alaskaair.com.

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