Alaska Air: 2Q Earnings Snapshot
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.