Alaska Air Group reports a first quarter net profit of $28.3 million

Alaska Air Group (Alaska Airlines and Horizon Air) (Seattle/Tacoma) reported first quarter net income, excluding special items, of $28.3 million, or $0.39 per diluted share, compared to net income of $29.5 million, or $0.40 per diluted share. This quarter’s results compare to a First Call mean estimate of $0.35 per share and represent the second-best first quarter result in the groups’s history.

The group also recorded net income under Generally Accepted Accounting Principles (GAAP) of $40.8 million, or $0.56 per diluted share, compared to net income of $74.2 million, or $1.01 per diluted share.

Top Copyright Photo: Michael B. Ing.

Alaska Airlines Slide Show: CLICK HERE

Horizon Air Slide Show: CLICK HERE

Bottom Copyright Photo: Nick Dean.