MIAMI – Alaska Air Group (AS) is reporting its financial results today. Reported net loss for the fourth quarter and full-year 2020 under Generally Accepted Accounting Principles (GAAP) is US$430m (US$3.47 per diluted share) and US$1.3bn ($10.59 per diluted share).
These results compare to the fourth quarter 2019 net income of US$181m (US$1.46 per diluted share) and full-year 2019 net income of US$769m (US$6.19 per diluted share).
Excluding payroll support program wage offsets, special items, and market-to-market fuel hedging adjustments, the adjusted net loss for the group was US$316m in the quarter and US$1.3bn for the year.
Looking at year-to-year results, read more ⇒
Source:: “Airways Magazine”