Alaska Air Group reported record fourth quarter 2010 net income of $64.8 million compared to net income of $24.1 million in the fourth quarter of 2009. Excluding mark-to-market fuel hedge gains of $28.1 million ($17.4 million after tax), the company reported record net income of $47.4 million compared to net income of $4.4 million excluding special items, in the fourth quarter of 2009.
The company reported full-year 2010 record net income of $251.1 million, compared to $121.6 million in 2009. Excluding the impact of the items noted in the table below, the company reported record net income of $262.6 million, a $173.9 million improvement from the $88.7 million in 2009. This marks the company’s seventh consecutive year of adjusted profits.
