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Dec 31, 2022
Alaska Air Q4 2022 Earnings Report
Alaska Air Group reported strong fourth quarter 2022 and full-year results.
Key Takeaways
Alaska Air Group reported a net income of $22 million, or $0.17 per diluted share, for the fourth quarter of 2022. Excluding special items and mark-to-market fuel hedge accounting adjustments, net income was $118 million, or $0.92 per diluted share. The company recorded $2.5 billion in operating revenue for the quarter.
Reported net income for the fourth quarter and full year 2022 under Generally Accepted Accounting Principles (GAAP) of $22 million, or $0.17 per diluted share, and $58 million, or $0.45 per diluted share.
Recorded $2.5 billion in operating revenue for the fourth quarter, resulting in $9.6 billion in operating revenue for the full year 2022, the highest annual total in company history.
Ended the quarter with a debt-to-capitalization ratio of 49%, within our target range of 40% to 50%.
Retired ten Airbus A320 aircraft and nine Q400 aircraft during the fourth quarter.
Revenue by Segment
Forward Guidance
Outlook for the first quarter ending March 31, 2023 was provided.
Historical Earnings Impact
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Avg. Return Before/After Earnings
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