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Alaska Air Group reports a first quarter GAAP net loss of $232 million

Alaska Airlines Group issued this financial report: Financial Results: Reported a net loss for the first quarter of 2021 under Generally Accepted Accounting Principles (GAAP) of $131 million, or $1.05 per share, compared to a net loss of $232 million, or $1.89 per share in the first quarter of 2020. Reported a net loss for the first quarter of 2021, excluding… ....

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Alaska Air Cargo (Alaska Airlines) | World Airline News

Financial Results:
Reported a net loss for the first quarter of 2021 under Generally Accepted Accounting Principles (GAAP) of $131 million, or $1.05 per share, compared to a net loss of $232 million, or $1.89 per share in the first quarter of 2020.
Reported a net loss for the first quarter of 2021, excluding CARES Act Payroll Support Program (PSP) wage offsets, special items and mark-to-market fuel hedge accounting adjustments, of $436 million, or $3.51 per share, compared to an adjusted net loss of $102 million or $0.83 per share, in the first quarter of 2020.
Decreased adjusted net debt to $1.6 billion at March 31, 2021 from $1.7 billion at December 31, 2020.
Reported a debt-to-capitalization ratio, including short-term borrowings related to COVID-19, of 62%. ....

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