Alaska Air Group (ALK) Reports Q1 Loss, Beats Revenue Estimates

Alaska Air Group reported a quarterly loss of $1.68 per share, slightly worse than the Zacks consensus estimate for a $1.61 loss and wider than the $0.77 loss a year ago. The result indicates deterioration in profitability versus last year and a modest earnings miss versus expectations. This is likely to pressure shares, though the headline is narrowly below consensus rather than a major blowout miss.

Analysis

Alaska Air Group reported a quarterly loss of $1.68 per share, slightly worse than the Zacks consensus estimate for a $1.61 loss and wider than the $0.77 loss a year ago. The result indicates deterioration in profitability versus last year and a modest earnings miss versus expectations. This is likely to pressure shares, though the headline is narrowly below consensus rather than a major blowout miss.