Alaska Air Group, the parent company of Alaska Airlines and Horizon Air, reported Friday that fourth-quarter losses narrowed considerably as passenger traffic increased.
For the three months ended Dec. 31, Alaska Air Group had a net loss of $800,000, or 6 cents per share, compared with a net loss of $5.1 million, or 38 cents per share, for the fourth quarter of 1994. Operating revenues for the fourth quarter rose to $341.1 million, an increase of 7.3 percent.
For the year, Alaska Air Group reported net income of $17.3 million, or $1.28 per share, ($1.26 per share fully diluted), compared with net income of $22.5 million, or $1.68 per share, ($1.62 per share fully diluted) in 1994.
Operating income was $75.9 million, compared with $75 million in 1994. Operating revenues for all of 1995 rose to $1.418 billion, an increase of 7.7 percent.