SEATTLE (AP) 鈥� SEATTLE (AP) 鈥� Alaska Air Group Inc. (ALK) on Tuesday reported a second-quarter loss of $76 million, after reporting a profit in the same period a year earlier.
The Seattle-based company said it had a loss of 68 cents per share. Losses, adjusted for non-recurring gains, were 92 cents per share.
The results beat Wall Street expectations. The average estimate of seven analysts surveyed by Zacks Investment Research was for a loss of 97 cents per share.
The airline posted revenue of $4.07 billion in the period, missing Street forecasts. Six analysts surveyed by Zacks expected $4.09 billion.
Alaska Air shares have fallen roughly 10% since the beginning of the year. In the final minutes of trading on Tuesday, shares hit $45.46, a drop of 14% in the last 12 months.
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