SEATTLE — Alaska Air Group Inc. (ALK) on Thursday reported a loss of $143 million in its first quarter.
The Seattle-based company said it had a loss of $1.14 per share. Losses, adjusted for non-recurring gains, were $1.33 per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.58 per share.
The airline posted revenue of $1.68 billion in the period, which also topped Street forecasts. Four analysts surveyed by Zacks expected $1.67 billion.
Alaska Air shares have risen 13% since the beginning of the year. The stock has declined 12% in the last 12 months.
