SEATTLE — Alaska Air Group Inc. (ALK) on Thursday reported first-quarter net income of $4 million.
On a per-share basis, the Seattle-based company said it had net income of 3 cents. Earnings, adjusted for one-time gains and costs, came to 17 cents per share.
The results surpassed Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of 13 cents per share.
The airline posted revenue of $1.88 billion in the period, which also beat Street forecasts. Five analysts surveyed by Zacks expected $1.87 billion.
