This Day On The Street
Continue to site
This account is pending registration confirmation. Please click on the link within the confirmation email previously sent you to complete registration.
Need a new registration confirmation email? Click here

Alaska Beats, Places Boeing Order

SEATTLE ( TheStreet) -- Alaska Airlines (ALK - Get Report) beat fourth-quarter estimates and said it will order 15 new Boeing aircraft.

The carrier reported net income excluding items of $47.4 million, or $1.28 a share. Analysts surveyed by Thomson Reuters had estimated $1.02. Revenue rose 13% to $959 million. Analysts had estimated $944 million. In the same period a year earlier, excluding items, Alaska earned $4.4 million or 12 cents a share.

Including items related to fuel hedging, Alaska earned $64.8 million or $1.75 a share, compared with $24.1 million or 67 cents in the same quarter a year earlier.

Meanwhile, Alaska said it had ordered 15 Boeing 737s including 13 737-900 extended range aircraft, for delivery in 2012 through 2014. It will configure the aircraft with 178 to 184 seats in two classes. Boeing (BA - Get Report) said the list price value of the order is $1.3 billion.

Alaska also said it will retire the Horizon brand on its regional operation, replacing it with the Alaska brand including the Eskimo on planes' tails.

During the quarter, mainline capacity rose 9.9%. Passenger revenue per available seat mile rose 6.3%. Results "were driven by strong revenue growth, excellent cost management, an on-time operation, and promising new markets, "said CEO Bill Ayer, in a prepared statement.

-- Written by Ted Reed in Charlotte

>To contact the writer of this article, click here: Ted Reed

Check Out Our Best Services for Investors

Action Alerts PLUS

Portfolio Manager Jim Cramer and Director of Research Jack Mohr reveal their investment tactics while giving advanced notice before every trade.

Product Features:
  • $2.5+ million portfolio
  • Large-cap and dividend focus
  • Intraday trade alerts from Cramer
Quant Ratings

Access the tool that DOMINATES the Russell 2000 and the S&P 500.

Product Features:
  • Buy, hold, or sell recommendations for over 4,300 stocks
  • Unlimited research reports on your favorite stocks
  • A custom stock screener
Stocks Under $10

David Peltier uncovers low dollar stocks with serious upside potential that are flying under Wall Street's radar.

Product Features:
  • Model portfolio
  • Stocks trading below $10
  • Intraday trade alerts
14-Days Free
Only $9.95
14-Days Free
Dividend Stock Advisor

David Peltier identifies the best of breed dividend stocks that will pay a reliable AND significant income stream.

Product Features:
  • Diversified model portfolio of dividend stocks
  • Updates with exact steps to take - BUY, HOLD, SELL
Trifecta Stocks

Every recommendation goes through 3 layers of intense scrutiny—quantitative, fundamental and technical analysis—to maximize profit potential and minimize risk.

Product Features:
  • Model Portfolio
  • Intra Day Trade alerts
  • Access to Quant Ratings
Real Money

More than 30 investing pros with skin in the game give you actionable insight and investment ideas.

Product Features:
  • Access to Jim Cramer's daily blog
  • Intraday commentary and news
  • Real-time trading forums
Only $49.95
14-Days Free
14-Days Free
ALK $69.14 0.06%
BA $132.08 0.91%
AAPL $93.24 -0.41%
FB $117.81 -0.21%
GOOG $701.43 0.82%


Chart of I:DJI
DOW 17,660.71 +9.45 0.05%
S&P 500 2,050.63 -0.49 -0.02%
NASDAQ 4,717.0940 -8.5450 -0.18%

Free Reports

Top Rated Stocks Top Rated Funds Top Rated ETFs