Alaska Air Group has reported its financial results for the fourth quarter and full year ended December 31, 2023.

  • The carrier recorded $2.6 billion in operating revenue for the fourth quarter, and a record $10.4 billion for the full year 2023.

“Air Group’s 2023 accomplishments were significant,” said CEO Ben Minicucci. “I want to thank our people for delivering a reliable operation, industry-leading cost performance, and a strong 7.5% adjusted pretax margin.

“As we navigate early 2024, we remain steadfast in our commitment to safety, providing a premium experience for our guests, and delivering durable financial performance.

“I am also grateful for how the team has rallied together to demonstrate tremendous professionalism and care in the midst of a challenging start to 2024 for them and our guests.

“Alaska is a resilient company with a track record of operational excellence, and we are confident in the plans we have laid out to ensure that success moving forward.”

Among the highlights of 2023, Alaska placed its first 737-800 freighter into operating service, with a second 737-800 freighter expected to be delivered in the first quarter of 2024.

The carrier announced its 30th global airline partner, Porter Airlines, opening new opportunities for guests to travel to Canada from the West Coast.

It also announced new routes beginning in 2024, including: Seattle-Toronto, Anchorage-New York JFK, Anchorage-San Diego, and Portland-Nashville.

Additionally, Alaska enhanced its partnership with Condor Airlines with a bilateral codeshare agreement that enables Alaska and Condor to sell each other’s flights.
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