Alaska Air Group (ALK) Reports In-Line Q1 EPS

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Go back to Alaska Air Group (ALK) Reports In-Line Q1 EPS

Alaska Air Group reports first quarter 2017 results

April 26, 2017 8:00 AM EDT

SEATTLE, April 26, 2017 /PRNewswire/ --

Financial Highlights:

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... More