Alaska Air Group Files Amended 10-K.Business Editors SEATTLE--(BUSINESS WIRE)--Jan. 10, 2003 Alaska Air Group, Inc. (NYSE NYSE See: New York Stock Exchange :ALK ALK Alkohol (German: alcohol) ALK Alkaline ALK Anaplastic Lymphoma Kinase ALK Automatisierte Liegenschaftskarte ALK Activin Receptor-Like Kinase ALK Alkylation ALK Srilankan Airlines (ICAO code) ) filed an amended Form 10-K Form 10-K A report required by the SEC from exchange-listed companies that provides for annual disclosure of certain financial information. Form 10-K See 10-K. today with the Securities and Exchange Commission for the year ended December 31, 2001. The original filing was made on March 1, 2002. The new filing includes adjustments that were made as a result of the restatements announced on July 22, 2002 and the related audits by the company's new auditors. The adjustments change the timing of recognition of revenues and expenses and resulting net income. In the aggregate, the cumulative effect of these restatements is to increase equity by $31.0 million, or 3.7 percent as of December 31, 2001, compared to the previously announced expected adjustment of approximately $29 million, or 3.5 percent. The restatement had other effects on the company's financial statements, which are more fully described in Note 16 of the company's restated financial statements included in the amended Form 10-K filed today. The filing includes certifications signed by the company's chief executive officer and chief financial officer. Additional amended filings are expected to be made in the next several weeks to update the Form 10-K for the year ended December 31, 2001 for Alaska Airlines Alaska Airlines, (NYSE: ALK) is an airline based in Seattle, Washington, United States. It operates hubs at Seattle-Tacoma International Airport, Ted Stevens Anchorage International Airport, Los Angeles International Airport, and Portland International Airport. , Inc. and the Form 10-Qs Form 10-Q See 10-Q. for 2002 for Alaska Air Group, Inc. and Alaska Airlines, Inc. This report may contain forward-looking statements forward-looking statement A projected financial statement based on management expectations. A forward-looking statement involves risks with regard to the accuracy of assumptions underlying the projections. that are based on the best information currently available to management. These forward-looking statements are intended to be subject to the safe harbor Safe Harbor 1. A legal provision to reduce or eliminate liability as long as good faith is demonstrated. 2. A form of shark repellent implemented by a target company acquiring a business that is so poorly regulated that the target itself is less attractive. protection provided by Section 27A of the Securities Act of 1933 and Section 21E of the Securities Exchange Act of 1934. Forward-looking statements are indicated by phrases such as "will," "should," "the Company believes," "we expect" or any other language indicating a prediction of future events. There can be no assurance that actual developments will be those anticipated by the Company. Actual results could differ materially from those projected as a result of a number of factors, some of which the Company cannot predict or control. For a discussion of these factors, please see Item 1 of the Company's Annual Report on Form 10-K for the year ended December 31, 2001. Alaska Air Group is the parent company of Alaska Airlines, Inc. and Horizon Air Industries, Inc. |
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