Alaska Air reports Q4 loss

SEATTLE — Alaska Air Group Inc. on Tuesday reported a fourth-quarter loss of $430 million, after reporting a profit in the same period a year earlier.

The Seattle-based company said it had a loss of $3.47 per share. Losses, adjusted for non-recurring costs, came to $2.55 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of $2.91 per share.

The airline posted revenue of $808 million in the period, also topping Street forecasts. Five analysts surveyed by Zacks expected $786.6 million.

For the year, the company reported a loss of $1.31 billion, or $10.59 per share, swinging to a loss in the period. Revenue was reported as $3.57 billion.

Alaska Air shares have climbed roughly 2% since the beginning of the year. The stock has fallen 21% in the last 12 months.