Alaska Air: Fourth Quarter Earnings Overview

Alaska Air Group Announces Fourth-Quarter Financial Results

Alaska Air Group Inc., headquartered in Seattle, revealed on Thursday that it earned $21 million during the fourth quarter.

The company reported earnings of $0.18 per share, with adjusted earnings—excluding one-time expenses—coming in at $0.43 per share.

These adjusted results surpassed analysts’ expectations, as a consensus of seven Zacks Investment Research analysts had predicted earnings of $0.11 per share.

Quarterly revenue reached $3.63 billion, slightly below the $3.65 billion anticipated by six analysts surveyed by Zacks.

For the full year, Alaska Air Group posted a net income of $100 million, or $0.83 per share, on total revenue of $14.24 billion.

Looking ahead to the first quarter ending in March, the airline projects a per-share loss ranging from $1.50 to $0.50.

For the entire year, Alaska Air expects earnings per share to fall between $3.50 and $6.50.

Since the start of the year, Alaska Air’s stock price has declined by nearly 3%. By the close of trading on Thursday, shares were valued at $48.86, marking a 28% decrease over the past year.

This article was produced by Automated Insights using data from Zacks Investment Research.