Excluding items, the carrier reported net income of $50 million, or 70 cents a share. Analysts surveyed by Thomson Reuters had estimated 71 cents. Revenue rose 8% to $1.1 billion, in line with estimates. In the same period a year earlier, excluding items, Alaska earned $37 million, or 51 cents a share.
Including items, primarily $10 million in fuel hedge losses, Alaska earned $44 million, or 61 cents a share, compared with net income of $64 million, or 88 cents a share, in the same period a year earlier.
During the quarter, consolidated passenger revenue per available seat mile rose 0.8% while consolidated cost per available seat mile excluding fuel and special items declined by 1.2% to 8.72 cents.The carrier said it achieved a 12-month return on invested capital of 13%, surpassing its goal of 10%. At year-end, Alaska had $1.3 billion in unrestricted cash and marketable securities. Follow @tedreednc -- Written by Ted Reed in Charlotte, N.C. >To contact the writer of this article, click here: Ted Reed
Select the service that is right for you!COMPARE ALL SERVICES
- $2.5+ million portfolio
- Large-cap and dividend focus
- Intraday trade alerts from Cramer
- Weekly roundups
Access the tool that DOMINATES the Russell 2000 and the S&P 500.
- Buy, hold, or sell recommendations for over 4,300 stocks
- Unlimited research reports on your favorite stocks
- A custom stock screener
- Upgrade/downgrade alerts
- Diversified model portfolio of dividend stocks
- Alerts when market news affect the portfolio
- Bi-weekly updates with exact steps to take - BUY, HOLD, SELL
- Real Money + Doug Kass + 15 more Wall Street Pros
- Intraday commentary & news
- Ultra-actionable trading ideas
- 100+ monthly options trading ideas
- Actionable options commentary & news
- Real-time trading community
- Options TV