Alaska Air Group reports fourth quarter net income of US$23 million

Alaska Air Group has reported fourth quarter 2018 GAAP net income of US$23 million, compared to US$315 million in 2017. Excluding the impact of merger-related costs, other special items, and mark-to-market fuel hedge adjustments, the company reported fourth quarter adjusted net income of US$93 million, compared to adjusted net income of US$88 million in the fourth quarter of 2017.

The Group generated approximately US$1.2 billion of operating cash flow, and used approximately US$960 million for capital expenditures, resulting in approximately US$240 million of free cash flow in 2018.

The company reported full-year 2018 GAAP net income of US$437 million, compared to US$960 million in the prior year. Excluding the impact of merger-related costs, other special items, and mark-to-market fuel hedge adjustments, the company reported adjusted net income of US$554 million, compared to adjusted net income of US$791 million in 2017.

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