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Alaska Air: 4Q Earnings Snapshot

SEATTLE (AP) _ Alaska Air Group Inc. (ALK) on Tuesday reported fourth-quarter net income of $181 million.

On a per-share basis, the Seattle-based company said it had net income of $1.46.

The results exceeded Wall Street expectations. The average estimate of six analysts surveyed by Zacks Investment Research was for earnings of $1.41 per share.

The airline posted revenue of $2.23 billion in the period, also beating Street forecasts. Three analysts surveyed by Zacks expected $2.22 billion.

For the year, the company reported profit of $769 million, or $6.19 per share. Revenue was reported as $8.78 billion.

Alaska Air shares have decreased slightly more than 3% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $65.54, an increase of nearly 2% 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