Alaska rakes in record annual revenue in 2022 and reports pretax margin of 7.6%

Alaska Airlines has reported an “industry-leading” full-year adjusted pretax margin of 7.6%, after recording its highest-ever annual revenue of US $9.6bn, a 10% increase on 2019. Q4 2022 revenue came to US $2.5bn the carrier said, with reported net income for the quarter and full year, excluding special items and mark-to-market fuel hedge accounting adjustments, of US $118 million, or $0.92 per diluted share, and US $556 million, or US $4.35 per diluted share. Employees received record bonuses during the year, with US $257 million, or around six weeks’ worth of salary, shelled out by the company for “meeting or