Alaska Air Posts Q4 Loss After Charges

Alaska Air posted a fourth-quarter net loss on Thursday due to special charges, including realized losses of USD$50 million from early termination of fuel hedging contracts.

The company reported a net loss of USD$75.2 million loss, compared with a profit of USD$7.4 million a year earlier.

Special items also included pre-tax restructuring charges of USD$9.2 million and fleet transition costs of USD$6.7 million.

Excluding special items, Alaska Air reported a profit of USD$16.4 million, compared with a year-earlier loss of USD$17.9 million.

The company said it had nearly USD$1.1 billion in unrestricted cash and marketable securities as of December 31.