Alaska Air Group reports 2017 full year net income of US$1.0bn

Alaska Air Group has reported net income for the fourth quarter under GAAP of US$367m and for the full-year US$1.0bn These results compare to fourth quarter 2016 net income of US$114m and full-year 2016 net income ofUS$814m. As the acquisition of Virgin America (Virgin America) closed on Dec. 14, 2016, 2017 information reflects the results of Virgin America. 2016 information reflects the results of Virgin America from Dec. 14-31, 2016. Alaska reported fourth quarter adjusted net income, excluding merger-related costs, special income tax benefits related to tax law changes, and mark-to-market fuel hedging adjustments, was US$103m compared to US$193m in the fourth quarter of 2016. Full year 2017 adjusted net income, excluding merger-related costs, the special income tax benefit, and mark-to-market fuel hedging adjustments, was US$823m, compared to US$911m in 2016.