SEATTLE (AP) — SEATTLE (AP) — Alaska Air Group Inc. (ALK) on Thursday reported a loss of $132 million in its first quarter.
The Seattle-based company said it had a loss of $1.05 per share. Losses, adjusted for non-recurring costs, came to 92 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of $1.09 per share.
The airline posted revenue of $2.23 billion in the period, also beating Street forecasts. Six analysts surveyed by Zacks expected $2.18 billion.