Alaska Air Group reported first-quarter net income of $37 million, or 51 cents a share, down from $41 million, or 56 cents a share, for the same period last year.
The Seattle-based parent of Alaska Airlines and Horizon Air said that setting aside adjustments for fuel hedges and other special items, it had record net income of $44 million, or 62 cents a share, up sharply from $28 million, or 39 cents.
CEO Brad Tilden said the company’s record adjusted net income during a traditionally weak season “is due to steady demand that kept pace with our growth.”
Alaska shares closed at $60.24, down 64 cents or 1.1 percent. The stock is up 74 percent over the past 12 months.
- Power restored after major, hour-long outage in downtown Seattle
- Trump, Clinton win Washington state primary
- Designed in Seattle, this $1 cup could save millions of babies
- Seattle’s vanishing black community
- Boeing plans hundreds of layoffs in local IT unit