Alaska Air reports first quarter 2008 results

Alaska Air Group reported a first quarter net loss of $35.9 million compared to a net loss of $10.3 million in the first quarter of 2007. Both periods include adjustments resulting from mark-to-market fuel hedge accounting. Excluding the impact of these adjustments, the company would have reported a net loss of $36.3 million compared to a net loss of $15.8 million, or $0.39 per share, in the first quarter of 2007.