Alaska Air Group reported strong fourth-quarter results, with a net income of $181 million, or $1.46 per diluted share. Adjusted net income, excluding merger-related costs and fuel hedging adjustments, was also $181 million, or $1.46 per diluted share. The company saw an 8% increase in passenger revenues compared to the fourth quarter of 2018.
Reported GAAP net income of $181 million, or $1.46 per diluted share.
Reported adjusted net income of $181 million, or $1.46 per diluted share, excluding merger-related costs and mark-to-market fuel hedging adjustments.
Passenger revenues grew by 8% compared to the fourth quarter of 2018.
Held $1.5 billion in unrestricted cash and marketable securities as of December 31, 2019.
No specific forward guidance was found in the provided document.