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Alaska Air: 2Q Earnings Snapshot

July 25, 2019

SEATTLE (AP) _ Alaska Air Group Inc. (ALK) on Thursday reported second-quarter net income of $262 million.

On a per-share basis, the Seattle-based company said it had net income of $2.11. Earnings, adjusted for one-time gains and costs, were $2.17 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $2.11 per share.

The airline posted revenue of $2.29 billion in the period, also beating Street forecasts. Four analysts surveyed by Zacks expected $2.28 billion.

Alaska Air shares have risen roughly 5% since the beginning of the year. In the final minutes of trading on Thursday, shares hit $63.86, a rise of 8% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALK at https://www.zacks.com/ap/ALK

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