Alaska Air Group Inc.'s (ALK) first-quarter GAAP net income slipped to $37 million, or $0.51 per share, from $41 million, or $0.56 per share a year before. Excluding the impact of mark-to-market fuel hedge adjustments of $12 million, non-GAAP net income totaled $44 million, or $0.62 per share in the first quarter. On average, 11 analysts polled by Thomson Reuters expected earnings per share of $0.53 for the quarter. Analysts' estimates typically exclude one-time items.
During the three-month period, operating revenues totaled $1.13 billion, up 9% from last year's $1.04 billion, and matched consensus estimates of $1.13 billion.
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June 05, 2026 16:18 ET A busy week for economic news flow saw a slew of reports being released that reflected the trends in the U.S. labor market. In Europe, economic growth and inflation data gained attention as the European Central Bank and Bank of England head for policy session later in the month. In Asia, the monetary policy session of the Indian central bank was in focus as the country, a major oil importer, reels under the pressures of a weaker rupee and rising inflation.