Alaska Airlines Corporate Presentation
Non-GAAP Reconciliations - Hawaiian
(in thousands)
Nine months ended September 30,
2023
Twelve months ended December 31,
2022
2022
2019
Net Income (Loss) before Taxes
($200,812)
($230,931)
($293,849)
$304,996
Depreciation & amortization
100,775
102,435
136,169
158,906
Aircraft rent
80,827
77,987
103,846
118,904
Interest and amortization of debt
68,182
72,760
95,815
27,864
EBITDAR, as reported
48,972
22,251
41,981
610,670
Adjusted for:
CBA related expense
17,727
4,678
4,678
Contract termination amortization
(24,085)
Special items
6,303
18,803
Gain on sale of commercial real estate
(10,179)
Interest income on tax refund
(4,672)
Gain on sale of aircraft
392
(2,578)
(2,578)
Changes in fair value of fuel derivative instruments
(2,548)
1,063
2,640
(1,948)
(5,694)
Loss on extinguishment of debt
8,568
8,568
Unrealized loss (gain) on foreign debt
(18,791)
(41,697)
(26,196)
696
Unrealized loss on investment securities
3,149
22,839
24,949
Adjusted EBITDAR
$9,965
$21,427
$72,845
$603,724
Source: Company filings.
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