Alaska Air Group (NYSE: ALK) reported Q1 EPS of $1.05, in-line with the analyst estimate of $1.05. Revenue for the quarter came in at $1.75 billion versus the consensus estimate of $1.78 billion.

• Reported net income for the first quarter under Generally Accepted Accounting Principles ("GAAP") of $99 million or $0.79 per diluted share, compared to net income of $184 million, or $1.46 per diluted share in 2016. As the acquisition of Virgin America Inc. ("Virgin America") closed on Dec. 14, 2016, first quarter 2017 information reflects the results of Virgin America, including the impacts associated with purchase accounting. First quarter 2016 results do not include Virgin America.
• Reported first quarter net income, excluding merger-related costs and mark-to-market fuel hedging adjustments, of $130 million, compared to $183 million in the first quarter of 2016. Adjusted diluted earnings per share were $1.05, compared to $1.45 in the first quarter of 2016. This quarter\'s results were in line with First Call analyst consensus estimate of $1.02 per share.
• Paid $0.30 per-share quarterly cash dividend in the first quarter, a 9% increase over the dividend paid in the first quarter of 2016.
• Total assets surpassed $10 billion for the first time in Air Group\'s history.
• Generated approximately $470 million of operating cash flow and used approximately $215 million for capital expenditures, resulting in $255 million of free cash flow in the first quarter of 2017.
• Held $1.7 billion in unrestricted cash and marketable securities as of March 31, 2017.

For earnings history and earnings-related data on Alaska Air Group (ALK) click here.