REFILE-BUZZ-Alaska Air rises after beating Q4 profit estimates
ReutersJan 23, 2025 10:03 AM
Adds missing number in first bullet
Alaska Air Group's shares ALK.N rise 4% to $70.15 premarket
On Wednesday, ALK beat Q4 profit estimates and forecast a smaller-than-expected loss for the current quarter, driven by strong holiday and corporate travel demand as well as improved pricing power
Q4 adj. profit of 97 cents per share came above analysts' estimate of 44 cents, according to LSEG-compiled data
ALK expects Q1 adj loss of 50 to 70 cents per share, compared with estimates for a loss of 72 cents per share
In 2024, stock rose 65.7%
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