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.
Outlook for the first quarter ending March 31, 2023 was provided.
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