Alaska Air Group Reports Year-end and Fourth Quarter Results.
Business Wire › January 25, 2002
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Alaska Air Group Reports Year-end and Fourth Quarter Results.
Business Editors
SEATTLE--(BUSINESS WIRE)--Jan. 25, 2002 Alaska Air Group, Inc. (NYSE: ALK) today reported a fourth quarter 2001 net loss of $36.4 million, or $1.37 per share, compared with a fourth quarter 2000 net loss of $28.9 million or $1.09 per share. The 2001 figure includes pre-tax compensation of $52.3 million that was received pursuant to the Air Transportation Safety and System Stabilization Act and a $10.2 million special charge related to the retirement of Horizon's F-28 fleet. Excluding these items, the company lost $62.9 million or $2.37 per share in the fourth quarter of 2001. For the full year, Alaska Air Group lost $39.5 million, or $1.49 per share in 2001 versus a loss before the cumulative effect of an accounting change of $13.4 million, or $0.51 per share, in 2000. Excluding the effect of the government compensation, the F-28 impairment charge and a Mileage Plan ...See the full content of this document
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