SEATTLE (AP) _ Alaska Air Group Inc. (ALK) on Thursday reported second-quarter net income of $397 million, after reporting a loss in the same period a year earlier.
On a per-share basis, the Seattle-based company said it had profit of $3.15. Losses, adjusted for one-time gains and costs, came to 30 cents per share.
The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for a loss of 31 cents per share.
The airline posted revenue of $1.53 billion in the period, matching Street forecasts.
Alaska Air shares have climbed 11% since the beginning of the year. The stock has climbed 59% in the last 12 months.
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
The Associated Press