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Alaska Air Group (ALK) Beats on Q2 Earnings

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Alaska Air Group (ALK - Free Report) , is the holding company of Alaska Airlines, which, together with its partner regional airlines, serves more than 100 cities through North America. The company is headquartered in Seattle, Washington.

Zacks Rank: Currently, Alaska Air Group has a Zacks Rank #5 (Strong Sell), but that could definitely change following the company’s earnings report which was just released. We have highlighted some of the key stats from this just-revealed announcement below:

Earnings: Alaska Air Group reported earnings (on an adjusted basis) of $2.12 per share in the second quarter of 2016 beating the Zacks Consensus Estimate of $2.08. Earnings increased 20% compared to the second quarter of 2015. Results were aided by low fuel costs.

ALASKA AIR GRP Price and EPS Surprise

ALASKA AIR GRP Price and EPS Surprise | ALASKA AIR GRP Quote

Revenue: Revenues came in at $1.49 billion, roughly in line with the Zacks Consensus Estimate. The top line grew 4% on a year-over-year basis.

Guidance: The carrier shelled out a quarterly cash dividend worth $0.275 per-share in the second quarter, up 38% year over year. The carrier exited the quarter with $1.6 billion in unrestricted cash and marketable securities.

Check back later for our full write up on this Alaska Air Group earnings report later!

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