Alaska Air Group has a profitable 4Q and a record yearly profit

January 26, 2012

Horizon Air Bombardier DHC-8-402 (Q400) N403QX (msn 4037) (Montana State Bobcats) LAX (Michael B. Ing), originally uploaded by Airliners Gallery.

Alaska Air Group (Alaska Airlines and Horizon Air) (Seattle/Tacoma) today reported fourth quarter net income, excluding special items, of $37.2 million, or $1.02 per diluted share, compared to net income of $47.4 million, or $1.28 per diluted share. This quarter’s results compare to a First Call mean estimate of $1.14 per share.

The group also reported a record full-year net income, excluding special items, of $287.4 million, or $7.83 per diluted share, compared to $262.6 million, or $7.14 per diluted share for 2010.

The group also reported net income for the fourth quarter under Generally Accepted Accounting Principles (GAAP) of $64.0 million, or $1.76 per diluted share, compared to net income of $64.8 million, or $1.75 per diluted share.

For the full-year, Alaska Air Group reported GAAP net income of $244.5 million, or $6.66 per diluted share, compared to net income of $251.1 million, or $6.83 per diluted share.

Copyright Photo: Michael B. Ing. Please click on the photo for details on this logoplane.

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