Alaska Air Group reports first quarter 2017 net income of US$ 99m

Alaska Air Group has reported first quarter 2017 GAAP net income of US$99m, compared to US$184m in the first quarter of 2016. Excluding the impact of special items and mark-to-market fuel hedge adjustments, the company reported adjusted net income of US$130m, compared to US$183m in 2016. As the acquisition of Virgin America closed on Dec. 14, 2016, first quarter 2017 information reflects the results of Virgin America, including the impacts associated with purchase accounting.