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

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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I have started the ultimate digital photo library of the fascinating world of airliners and airlines. The goal is to have the complete history of all airlines and the various aircraft operated. I have been photographing airplanes since 1965. Join us in this adventure.