Alaska Air Group Inc. Q1 Loss Increases, Inline With Estimates

(RTTNews) - Alaska Air Group Inc. (ALK) announced Loss for its first quarter in line with the Street estimates.

The company's earnings came in at -$166 million, or -$1.35 per share. This compares with -$132 million, or -$1.05 per share, last year.

Excluding items, Alaska Air Group Inc. reported adjusted earnings of -$95 million or -$0.77 per share for the period.

Analysts on average had expected the company to earn -$0.77 per share. Analysts' estimates typically exclude special items.

The company's revenue for the period rose 40.5% to $3.137 billion from $2.232 billion last year.

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

-Earnings: -$166 Mln. vs. -$132 Mln. last year. -EPS: -$1.35 vs. -$1.05 last year. -Revenue: $3.137 Bln vs. $2.232 Bln last year.

-Guidance: Next quarter EPS guidance: $1.15 to $1.65