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Alaska Air: Q2 Earnings Snapshot
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SEATTLE (AP) — SEATTLE (AP) — Alaska Air Group Inc. (ALK) on Tuesday reported a second-quarter loss of $76 million, after reporting a profit in the same period a year earlier.

The Seattle-based company said it had a loss of 68 cents per share. Losses, adjusted for non-recurring gains, were 92 cents per share.

The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 97 cents per share.

The airline posted revenue of $4.07 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $4.09 billion.

Alaska Air shares have fallen roughly 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $45.46, a drop of 14% in the last 12 months.

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This story was generated by Automated Insights (http://automatedinsights.com/ap) using data from Zacks Investment Research. Access a Zacks stock report on ALK at https://www.zacks.com/ap/ALK

Disclaimer:This article represents the opinion of the author only. It does not represent the opinion of Webull, nor should it be viewed as an indication that Webull either agrees with or confirms the truthfulness or accuracy of the information. It should not be considered as investment advice from Webull or anyone else, nor should it be used as the basis of any investment decision.
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