This article from NYTimes.com has been sent to you by psa188@juno.com. /-------------------- advertisement -----------------------\ Share the spirit with a gift from Starbucks. Our coffee brewers & espresso machines at special holiday prices. http://www.starbucks.com/shop/subcategory.asp?category_name=Sale/Clearance&ci=274&cookie_test=1 \----------------------------------------------------------/ Alaska Air Reports $36 Million Loss January 26, 2002 By THE ASSOCIATED PRESS SEATTLE, Jan. 25 - More than $50 million in aid from the government's airline bailout package was not enough to keep the Alaska Air Group (news/quote) profitable, as it reported a wider loss for the fourth quarter. Hurt by the decline in air travel since Sept. 11, the parent company for Alaska Airlines and Horizon Air said today that it had a net loss of $36.4 million, or $1.37 a share, for the fourth quarter compared with a loss of $28.9 million, or $1.09 a share, a year earlier. The results included $52.3 million in pretax financing from the government's airline bailout package and a $10.2 million charge to retire Horizon's fleet of F-28 aircraft. Excluding those one-time items, the company lost $62.9 million, or $2.37 a share, in the quarter, which ended Dec. 31. Revenue for the quarter was $462.2 million, compared with $532.4 million. Despite the loss, Alaska officials said the company fared better than many in the airline industry. The company said traffic at Alaska was down 5.6 percent for the quarter, compared with 19 percent industrywide. "The entire airline industry has been struggling in the wake of Sept. 11, but fortunately we've been much less impacted here on the West Coast," Alaska's chief executive, John F. Kelly, said. Mr. Kelly said there had been few layoffs and a slight increase in passenger loads. He said the company planned to have its schedule back to 100 percent by Feb. 10, and will add new routes on both airlines this year. http://www.nytimes.com/2002/01/26/business/26ALAS.html?ex=1013085187&ei=1&en=8c34c007f89095b6 HOW TO ADVERTISE --------------------------------- For information on advertising in e-mail newsletters or other creative advertising opportunities with The New York Times on the Web, please contact Alyson Racer at alyson@nytimes.com or visit our online media kit at http://www.nytimes.com/adinfo For general information about NYTimes.com, write to help@nytimes.com. Copyright 2001 The New York Times Company