Alaska Air Group Inc. Q1 Loss Decreases, but misses estimates

(RTTNews) - Alaska Air Group Inc. (ALK) released Loss for first quarter that decreased from last year but missed the Street estimates.

The company's bottom line totaled -$142 million, or -$1.11 per share. This compares with -$143 million, or -$1.14 per share, in last year's first quarter.

Excluding items, Alaska Air Group Inc. reported adjusted earnings of -$79 million or -$0.62 per share for the period.

Analysts on average had expected the company to earn -$0.48 per share, according to figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company's revenue for the quarter rose 31.0% to $2.20 billion from $1.68 billion last year.

Alaska Air Group Inc. earnings at a glance (GAAP) :

-Earnings (Q1): -$142 Mln. vs. -$143 Mln. last year. -EPS (Q1): -$1.11 vs. -$1.14 last year. -Analyst Estimates: -$0.48 -Revenue (Q1): $2.20 Bln vs. $1.68 Bln last year.