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Alaska Air Group posts big jump in profit as passenger traffic rises

Alaska Air Group (NYSE: ALK) had a better-than-expected quarter, posting a 14 percent increase in profit over the same period last year.

The SeaTac-based airline reported Thursday a profit of $260 million, or $2.10 per diluted share. Passenger revenue was up 3 percent year over year, which helped the company grow revenue to $1.4 billion for the quarter, a 4 percent jump over the previous year. Revenue from passengers was up 7.8 percent.

Alaska reported $14 million merger costs related to its planned?

Added on 07/21/2016

by Business Broker Blog


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