Alaska Air Group Inc reports results for the quarter ended March 31 - Earnings Summary

• Alaska Air Group Inc ALK.N reported a quarterly adjusted loss of 77 cents​​ per share for the quarter ended March 31, higher than the same quarter last year, when the company reported EPS of -92 cents. The mean expectation of sixteen analysts for the quarter was for a loss of 75 cents per share. Wall Street expected results to range from $-1.01 to -50 cents per share.

• Revenue rose 40.5% to $3.14 billion from a year ago; analysts expected $3.17 billion.

• Alaska Air Group Inc's reported EPS for the quarter was a loss of $1.35​.

• The company reported a quarterly loss of $166 million.

• Alaska Air Group Inc shares had fallen by 8.7% this quarter and lost 30.6% so far this year.

FORECAST CHANGES

• The mean earnings estimate of analysts had fallen by about 13.8% in the last three months.​

• In the last 30 days, seven analysts negatively revised earnings estimates

RECOMMENDATIONS

• The current average analyst rating on the shares is "buy" and the breakdown of recommendations is 14 "strong buy" or "buy," 3 "hold" and no "sell" or "strong sell." The average consensus recommendation for the airlines peer group is also "buy"

• Wall Street's median 12-month price target for Alaska Air Group Inc is $71.00

This summary was machine generated from LSEG data April 24 at 12:09 a.m. UTC. ​All figures in US dollars unless otherwise stated. (For questions concerning the data in this report, contact Estimates.Support@lseg.com. For any other questions or feedback, contact RefinitivNewsSupport@thomsonreuters.com)