Alaska Air Group reports third quarter results

Alaska Air Group reported third quarter 2011 net income of $77.5 million compared to net income of $122.4 million, Excluding mark-to-market fuel hedge losses of $84.3 million ($52.4 million after tax) and fleet transition charges of $2.0 million ($1.2 million after tax), the company reported record third quarter 2011 net income of $131.1 million ompared to net income of $118.1 million, excluding special items.