Alaska Air Group Chairman and CEO Bill Ayer credited "sacrifices by our employees, strong revenue performance and the benefits of our fuel hedging program" for the company's improved performance in 2005, which saw the parent of Alaska Airlines and Horizon Air narrow its net loss 61.4% to $5.9 million from a 2004 deficit of $15.3 million. Excluding the cumulative effect of a maintenance accounting policy change that totaled $90.4 million, the company said it earned $84.5 million last year. ...

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