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Alaska Air Group's (ALK) July Traffic Rises, Capacity Up
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Alaska Air Group Inc. (ALK - Free Report) posted a substantial rise in traffic figuresfor July. Traffic, measured in revenue passenger miles (RPMs), increased 6.6% to 4.86 billion from 4.56 billion, recorded a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 6.4% to 5.59 billion. Also, the load factor or percentage of seats filled by passengers inched up to 87% from 86.8%, recorded in July 2016, as traffic growth exceeded capacity expansion.
At the end of the first seven months of 2017, Alaska Air Group generated RPMs of 30.13 billion (up 6.5% year over year) and ASMs of 35.60 billion (up 5.6% year over year). Load factor stood at 84.7% compared with 83.9% in the first seven months last year.
This Zacks Rank 3 (Hold) company recently reported second-quarter 2017 earnings numbers. The carrier performed well in the quarter, beating on both earnings and revenues. Earnings of $2.51 per share beat the Zacks Consensus Estimate by a penny. Also, the bottom line expanded 18.4% on a year-over-year basis. Results were aided by higher revenues, which came in at $2,102 million, ahead of the Zacks Consensus Estimate of $2,096.3 million. The top line grew 41% on a year-over-year basis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Airline heavyweights like Southwest Airlines (LUV - Free Report) , American Airlines Group (AAL - Free Report) and Spirit Airlines (SAVE - Free Report) have also recently reported second-quarter financial numbers. While Southwest Airlines and American Airlines reported better-than-expected results in the quarter, Spirit Airlines posted better-than-expected earnings but lower-than-expected revenues.
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Alaska Air Group's (ALK) July Traffic Rises, Capacity Up
Alaska Air Group Inc. (ALK - Free Report) posted a substantial rise in traffic figures for July. Traffic, measured in revenue passenger miles (RPMs), increased 6.6% to 4.86 billion from 4.56 billion, recorded a year ago.
On a year-over-year basis, consolidated capacity (or available seat miles/ASMs) rose 6.4% to 5.59 billion. Also, the load factor or percentage of seats filled by passengers inched up to 87% from 86.8%, recorded in July 2016, as traffic growth exceeded capacity expansion.
At the end of the first seven months of 2017, Alaska Air Group generated RPMs of 30.13 billion (up 6.5% year over year) and ASMs of 35.60 billion (up 5.6% year over year). Load factor stood at 84.7% compared with 83.9% in the first seven months last year.
Alaska Air Group, Inc. Price
Alaska Air Group, Inc. Price | Alaska Air Group, Inc. Quote
This Zacks Rank 3 (Hold) company recently reported second-quarter 2017 earnings numbers. The carrier performed well in the quarter, beating on both earnings and revenues. Earnings of $2.51 per share beat the Zacks Consensus Estimate by a penny. Also, the bottom line expanded 18.4% on a year-over-year basis. Results were aided by higher revenues, which came in at $2,102 million, ahead of the Zacks Consensus Estimate of $2,096.3 million. The top line grew 41% on a year-over-year basis. You can see the complete list of today’s Zacks #1 Rank (Strong Buy) stocks here.
Airline heavyweights like Southwest Airlines (LUV - Free Report) , American Airlines Group (AAL - Free Report) and Spirit Airlines (SAVE - Free Report) have also recently reported second-quarter financial numbers. While Southwest Airlines and American Airlines reported better-than-expected results in the quarter, Spirit Airlines posted better-than-expected earnings but lower-than-expected revenues.
5 Trades Could Profit "Big-League" from Trump Policies
If the stocks above spark your interest, wait until you look into companies primed to make substantial gains from Washington's changing course.
Today Zacks reveals 5 tickers that could benefit from new trends like streamlined drug approvals, tariffs, lower taxes, higher interest rates, and spending surges in defense and infrastructure. See these buy recommendations now >>