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Alaska Air Group (ALK) Beats on Q2 Earnings

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Alaska Air Group (ALK - Free Report) together with affiliates, 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 #2 (Buy), 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 (Strong Buy) 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 $2.51 per share in the second quarter of 2017 beat the Zacks Consensus Estimate by a penny. Earnings improved 18.4% on a year-over- year basis.

Alaska Air Group, Inc. Price and EPS Surprise


Alaska Air Group, Inc. Price and EPS Surprise | Alaska Air Group, Inc. Quote

Revenue: Revenues came in at $2,102 million, just ahead of the Zacks Consensus Estimate of $2,096.3 million. The top line grew 41% on a year-over-year basis.

Key Stats: The carrier, which acquired Virgin America in December last year, paid a dividend to 30 cents per share in the second quarter, up 9% year-over-year. The carrier exited the quarter with $1.9 billion in unrestricted cash and marketable securities. The carrier reported a 1.3% improvement in passenger unit revenues for the second quarter.

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

Stock Price: The earnings report pleased the investors. Shares of the company were up in pre-market trading at the time of writing.

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