SEATTLE — Alaska Air Group Inc. (ALK) on Thursday reported second-quarter net income of $139 million.
On a per-share basis, the Seattle-based company said it had net income of $1.09. Earnings, adjusted for one-time gains and costs, were $2.19 per share.
The results beat Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.94 per share.
The airline posted revenue of $2.66 billion in the period, also surpassing Street forecasts. Six analysts surveyed by Zacks expected $2.59 billion.
Alaska Air shares have decreased 17% since the beginning of the year. The stock has dropped 22% in the last 12 months.
This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALK at https://www.zacks.com/ap/ALK
