- Associated Press - Wednesday, April 26, 2017

SEATTLE (AP) - Alaska Air Group Inc. (ALK) on Wednesday reported first-quarter profit of $99 million.

On a per-share basis, the Seattle-based company said it had net income of 79 cents. Earnings, adjusted for one-time gains and costs, came to $1.05 per share.

The results exceeded Wall Street expectations. The average estimate of nine analysts surveyed by Zacks Investment Research was for earnings of $1.04 per share.

The airline posted revenue of $1.75 billion in the period, which missed Street forecasts. Four analysts surveyed by Zacks expected $1.78 billion.

Alaska Air shares have increased 3 percent since the beginning of the year. The stock has increased 23 percent in the last 12 months.


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


Keywords: Alaska Air Group, Earnings Report

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