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Alaska Air Group (NYSE: ALK) Thursday reported a pointy fall in adjusted earnings for the fourth quarter of 2023 when the airline firm’s revenues elevated modestly.
Web earnings, adjusted for one-off objects, declined 67% yearly to $0.30 per share within the December quarter. On a reported foundation, it was a internet lack of $2 million or $0.02 per share in This fall, in comparison with a revenue of $22 million or $0.17 per share in the identical interval of 2022.
In the meantime, fourth-quarter revenues elevated 3% year-over-year to $2.55 billion. The corporate generated $1.1 billion of working money circulation in the entire of fiscal 2023.