Alaska Air Group (ALK Quick QuoteALK - 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 #4 (Sell), but that could definitely change following the company’s earnings report which was just released. You can see the complete list of today’s Zacks #1 Rank stocks here. 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 $2.20 per share in the third quarter of 2016 beating the Zacks Consensus Estimate of $2.05. Earnings increased 2% compared to the third quarter of 2015.

Revenue: Revenues came in at $1.57 billion, edging past the Zacks Consensus Estimate of $1.55 billion. The top line grew 3% on a year-over-year basis.

Key stats: The carrier shelled out a quarterly cash dividend worth 27.5 cents per-share in the third quarter, up 38% year over year. The carrier exited the quarter with $3.2 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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