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News / Business / Business Briefs

Alaska Air tops expectation with $193 million quarterly profit

By Associated Press
Published: July 27, 2018, 6:00am

SEATTLE — Alaska Air Group Inc. (ALK) on Thursday reported second-quarter profit of $193 million.

The Seattle-based company said it had profit of $1.56 per share. Earnings, adjusted for one-time gains and costs, came to $1.66 per share.

The results topped Wall Street expectations. The average estimate of eight analysts surveyed by Zacks Investment Research was for earnings of $1.63 per share.

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