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Alaska Air Group Q4 Adj. Loss Widens; Revenues Rise [ALK]

1/24/2008 2:26:12 PM Airline operator Alaska Air Group Inc. (ALK) Thursday announced results for the fourth quarter of fiscal 2007. Non-GAAP net loss for the quarter, excluding special items, widened from last year. On a GAAP basis, the company reported net profit for fourth quarter. Alaska Air recorded a year-over-year increase in its fourth quarter consolidated revenues.

Alaska Air Group, based at Seattle in Washington, reported total GAAP net income of $7.4 million or $0.19 per share for fourth quarter, compared to a net loss of $11.6 million or $0.29 per share in the prior year quarter. On a non-GAAP basis, excluding adjustments resulting from mark-to-market fuel hedge accounting, the company posted a net loss of $17.9 million or $0.46 per share for the quarter, compared to a loss of $3.4 million or $0.08 per share in the year ago quarter. On average, twelve analysts surveyed by First Call/Thomson Financial expected a loss of $0.32 per share for the quarter.

http://www.rttnews.com/sp/breakingnews.asp?date=01/24/2008&item=89&vid=0