Q4 and full year 2007 results announced by Alaska Air Group

AIRLINE INDUSTRY INFORMATION-(C)1997-2008 M2 COMMUNICATIONS LTD

Alaska Air Group Inc (NYSE: ALK) has announced its financial results for the fourth quarter and full year 2007.

The company reported full year net income of USD125.0m, or USD3.09 per diluted share, as compared to a net loss of USD52.6m, or USD1.39 per share, in the same period of the prior year.

Net income for the fourth quarter was USD7.4m, or USD0.19 per diluted share, as compared to a net loss of USD11.6m, or USD0.29 per share, in 2006.

The carrier's mainline passenger traffic in the fourth quarter increased 6.0% on a capacity increase of 4.6%, whilst load factor increased by 1.0 percentage points to 74.7%.

In addition Alaska's mainline operating revenue per available seat mile (ASM) increased 2.7% and its operating costs per ASM decreased 3.0% from the prior year.

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