As was the story with the majority of US Majors, Alaska Air Group was unable to pull itself out of the red in the 2005 first quarter. Special items inflated the loss to $80.5 million from a net loss of $42.7 million in the year-ago period. The items included a $90.4 million charge associated with a change in the company's accounting for airframe and engine overhauls and a $4.6 million restructuring charge associated with its decision to vacate its hangar at Oakland, which offset a $56.2 ...

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