SEATTLE (AP) _ Alaska Air Group Inc. (ALK) on Tuesday reported fourth-quarter net income of $181 million.
On a per-share basis, the Seattle-based company said it had net income of $1.46.
The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.
The airline posted revenue of $2.23 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.22 billion.
For the year, the company reported profit of $769 million, or $6.19 per share. Revenue was reported as $8.78 billion.
Alaska Air shares have decreased slightly more than 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $65.54, an increase of nearly 2% in the last 12 months.