Alaska Air Group reports record full year net income

Alaska Air Group reported fourth quarter 2013 GAAP net income of $78m, compared to GAAP net income of $44m in 2012. Excluding mark-to-market fuel hedge gains of $2m ($1m after tax), the company reported record fourth quarter 2013 net income of $77m compared to net income excluding mark-to-market fuel hedge losses of $50m in 2012. The company reported full-year 2013 GAAP net income of $508m, compared to $316m the prior year. Excluding special items, the company reported record net income of $383m, compared to net income of $339m in 2012.