Alaska Air Group passenger revenue increased 9
percent year over year to $1.3 billion in the fourth quarter. Alaska acquired
Virgin America on Dec. 14, and that revenue includes Virgin America revenue for
the second half of December. Traffic rose 13.1 percent year over year, and
capacity increased 10.3 percent, improving load factor 2 percentage points to
84.5 percent. Yield declined 3.3 percent year over year during the quarter. For
the full year 2016, Alaska reported a net income of $814 million, down 4
percent from 2015.