Alaska Air reports Q4 2023 loss after fuel and labour expenses

An increase in various labour expenses and fuel-related costs have driven Alaska Air’s $2 million net income loss (or $0.2 per share) for the fourth quarter of 2023, revealed in its fourth quarter and full year report for 2023. The result is markedly different from the same period result in 2022 with the airline reporting $22 million net income profit at $0.17 per share. Total operating expenses rose 3% for the fourth quarter to $2.5bn from $2.4bn, and by 5% to $10bn in 2023 from $9.5bn in 2022. However, revenue rose 3% to $2.5bn for Q4 and by 8% to