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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