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Alaska Air Group Inc. Announces Drop In Q4 Profit

Alaska Air Group Inc. (ALK) reported a profit for fourth quarter that retreated compared to the same period last year.

The company said its bottom line dropped to $103 million, or $0.83 per share. This was lower than $193 million, or $1.56 per share, in last year's fourth quarter.

Analysts had expected the company to earn $0.82 per share, according figures compiled by Thomson Reuters. Analysts' estimates typically exclude special items.

The company said revenue for the quarter rose 28.9% to $1.96 billion. This was up from $1.52 billion last year.

Alaska Air Group Inc. earnings at a glance:

-Earnings (Q4): $103 Mln. vs. $193 Mln. last year.
-Earnings Decline (Y-o-Y): -46.6%
-EPS (Q4): $0.83 vs. $1.56 last year.
-EPS Decline (Y-o-Y): -46.8%
-Analysts Estimate: $0.82
-Revenue (Q4): $1.96 Bln vs. $1.52 Bln last year.
-Revenue Change (Y-o-Y): 28.9%

by RTTNews Staff Writer

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