Alaska Air Posts $76M Net Loss in Q2, Beats Expectations

ALK Alaska Air Group Inc

$39.36 -0.40%

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SHOP +3.82% TSCO +0.66% ACI -1.22% EGBN -0.28% BDN -2.19%

1. 1Alaska Air Group (ALK) posted a net loss of $76 million in the second quarter, swinging from a profit a year earlier into the red.
2. 2Loss per share came in at 68 cents, and the adjusted loss excluding one-time gains was 92 cents, better than the average estimate of a 97-cent loss per share from seven Zacks Investment Research analysts.
3. 3Revenue of $4.07 billion fell short of the $4.09 billion expected by six analysts, and the stock closed at $45.46 on Tuesday, down roughly 10% from the start of the year and 14% over the past 12 months.

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